AGL new highs
AGL Energy Limited (AGL) is an Australian integrated renewable energy company. AGL engaged in creating a sustainable energy future for investors, communities,
and customers. AGLs’ power generation portfolio includes base, peaking and intermediate generation plants, which spread across both traditional thermal
generation and renewable sources. The company operates in four segments: Retail Energy, Merchant Energy, Upstream Gas and Energy Investment.
The Weekly price chart of AGL shows the price breaking out over the 2007 resistance level last week with follow through.
Consolidation below the$15.55 level with further consolidation below the $16.68/70 level.
Volume increase suggests buying support. Primary trend is UP.