Shares in electric utility Vistra (VST), the biggest gainer in the S&P 500 this year, hit another record high in early trading Thursday before losing ground to close l🎐ower.

Wall Street analysts say that the utility’s nuclear assets place it in a position to capitalize on the significant energy requirements needed to power 澳洲幸运5开奖号码历史查询:artificial intelligence (AI) infrastructure, such as data centers. In 澳洲幸运5开奖号码历史查询:reports this week, Jefferies bumped its🐲 12-month target on the stock to $137 from $99, while Morgan Stanley upwardly revised i༺ts target on the shares to $132 from $110,

The AI utilities poster-child's stock price has surged three-fold since the start of the year, recently toppling AI favorite Nvidia (NVDA) for the coveted position of the 澳洲幸运5开奖号码历史查询:S&P 500’s top performing stock.

Vistra hit a new high of $122.01 early Thursday, befor💧e retr✨eating to finish 4.1% lower at $114.16. The stock had risen nearly 6% on Wednesday.

Below, we take a closer look at Vistra's chart and use 澳洲幸运5开奖号码历史查询:technical analysis to point ouღt important price levels to wat🦄ch out for.

Symmetrical Triangle Breakout

After completing a 12-month trending move higher in May, Vistra shares traded within a 澳洲幸运5开奖号码历史查询:symmetrical triangle for several months before staging a breakout above the pattern earlier this month. 

In recent weeks, the stock has continued to make an impulsive move higher on above-average volume, indicating strong buying conviction.

The 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirms bullish price momentum with a reading above the 80 threshold꧒, but also warns of extremely overbought conditions that could give rise to near-term profit takin꧑g.

Loꦑoking ahead, investors should monitor several key levels on Vistra’s chart likely to attract attention.

Lower Price Levels to Watch

During retracements, the shares could initially retest the $107 level, where they may find support around the prominent late-May peak, which also marks the start of the symmetri♔cal triangle.

Further selling could see the shares fall to the $95 region, a location on the chart where investors may seek 澳洲幸运5开奖号码历史查询:entry points near a trendline connecting comparable trading levels from May to July with the Sept. 19 pre-gap high.

A deeper retracement in the shares could bring the $76 level into play. This area, sitting just below the symmetrical triangle’s lower trendline, would likely encounter buying interest near the April 澳洲幸运5开奖号码历史查询:swing high and this month’s 澳洲幸运5开奖号码历史查询:swing low.

Measuring Principle Upside Target 

To project a 澳洲幸运5开奖号码历史查询:price target for the stock’s current trending move, investors can use the 澳洲幸运5开奖号码历史查询:measuring principle. 🅰To do this, we calculate the distance between the symmetrical triangle’s two trendlines near the start of the pattern and add that amount to the breakout point. For example, we add $50 to $85, which forecasts an upside target of $135.

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