Xcel Energy: Ready to Shift Gears and Break Records? Family Always Recovers!

The Quarter Mile Rollercoaster: XEL's 2024 Ride

Family listen up! Xcel Energy or XEL as they call it on Wall Street had a year like one of our races – full of twists turns and NOS fueled moments. Finished the year up 9% but that ain't the whole story. We're talkin' a 60% rally from March to November before hitting the brakes hard. Sounds like someone needs to work on their launch control eh? But hey sometimes you gotta lose to win right?

Potential Under the Hood: Inverse Head and Shoulders?

Now some fancy pants analysts are seeing a 'bullish inverse head and shoulders' pattern. Sounds like something Tej would cook up but apparently it's a good thing. They say XEL's been buildin' this since February and it's sittin' pretty above that 200 day movin' average. Never closed below! Even during the market's own demolition derby. It's like faith Dom style: never give up on family and XEL never gave up on that average.

Two for the Price of One: Double Bullish Breakouts!

This is where it gets interesting. If XEL can smash through that $72 $73 zone we're talkin' about triggering not one but TWO bullish formations at the same time! Short term long term – it's like havin' NOS and a turbo. This could bring in a whole new crew of buyers ready to push XEL to the limit. It's all about potential and potential is a dangerous thing when you know you have it.

Does XEL Have More Fuel in the Tank?

The big question: can XEL keep goin'? They've already rallied from the mid $40s to the low $70s. But remember what I always say: "It doesn't matter if you win by an inch or a mile. Winning's winning." And XEL seems determined to keep winning.

Past Performance: A Glimpse into the Rearview Mirror

Lookin' back 20 years XEL's been through some tough times – the 2008 financial crisis the COVID crash. But each time they bounced back stronger faster. Like a phoenix from the ashes or me after takin' down Braga! They always ended up breakin' their old records. Past performance doesn't guarantee nothin' but it shows XEL's got heart. And heart my friends is what separates winners from losers.

The Finish Line: New All Time Highs?

So what does all this mean? If XEL can punch through that $72 $73 barrier we could see them hittin' new all time highs. Could be a new era for XEL. But remember it's not just about the destination it's about the family you build along the way. And XEL's lookin' to build a strong one. Now let's get behind the wheel and see if XEL's got what it takes to cross that finish line. One last ride.