Dominion Resources is a utility holding company for Virginia Electric & Power Co. and Dominion Energy Inc. The Co. also offers financial services through Dominion Capital,Inc. For the 9 months ended 9/30/00, revenues increased 52% to $6.48B. Net income before extra. item and acct%g change fell 37% to $309M. Results reflect the inclusion of CNG revenues and increased electric service revenues, offset by purchased gas and liquid expenses.

December 10, 2000

Dominion Resources spent most of last week consolidating in the $58-$61 range, as the energy sector searches for direction. On Friday, shares of the northeastern utility company traded to an intra-day low of $58.81 on average volume of 753,000 shares. However, the stock recovered later in the session, hitting an intra-day high of $60.25 just before the closing bell. D is attempting to rally but needs to get through resistance at $60.75 or it may return to the low end of its trading range. The stock is currently trading within historic split range so we could get a split announcement following their next BoD or earnings release. Their last split announcement came out of a BoD when the stock was trading in the $45-55 range. In the meantime, support is the 20-dma at $60 with stronger support at $58.38, the 50-dma. There is resistance at Monday’s intra-day high of $60.75 and then the November 17 intra-day high of $62.69. A bounce off of $60 or a move above $60.75 on midday volume of at least 450,000 shares may be possible entry points. We are keeping our stops at $57.50 as downside protection.

Picked on November 19th @ $62.69
Change since picked –2.50
Stop Loss @ $57.50

December 21, 2000

Dominion Resources, a northeastern utility holding company, continues to move higher along with the rest of the energy sector. On Thursday, shares of Dominion traded to an all-time high of $65 on volume of 802,000 shares. Dominion could be ready to set more new highs because the stock is now in a firm upward trend. The company has already given positive mid-quarter earnings guidance, and the energy sector is hot. For now, Dominion has support at Thursday’s intra-day low of $63.50 with additional support at $62.81, the 5-dma. Resistance is the all-time high at $65 and then $68. A bounce off of $63.50, or a breakout above $65 on midday volume of at least 400,000 shares, may be possible entry points. Our stops remain at $57.50 to limit losses.

Picked on November 19th @ $62.69
Change since picked +2.00
Stop Loss @ $57.50

December 19, 2000

Dominion Resources has regained momentum as investors continue to move into safety stocks. On Friday, shares of the utility holding company traded to an intra-day high of $63.06 before pulling back to close at $62.06 on volume of 740,000 shares. Despite Tuesday’s reversal, the stock has a strong short-term upward trend and it could challenge its all-time high in the near future. Until then, support is the 5-dma at $61.63 with stronger support at $60.75, the 10-dma. Resistance has come in at the all-time high of $63.69 and then the $65 mark. Traders could consider opening start new plays on a bounce off of $61.63 or a breakout above $63.69 on volume greater than 450,00 shares by midday. We are keeping our stops at $57.50 as downside protection.

Picked on November 19th @ $62.69
Change since picked –0.63
Stop Loss @ $57.50

December 17, 2000

Dominion Resources is a utility holding company with a daily energy production capacity of 2.7 trillion BTUs. On Friday, shares of D traded to an intra-day high of $61.81 after testing support at the 5-dma. Volume has been picking up, with 1.2 million shares trading during Friday's session. The stock appears to be creating a firm base as the energy sector regains momentum. As far as a split announcement, D is currently trading above its previous split range so we could get a split announcement following their next BoD meeting or earnings release. Their last split announcement came out of a BoD meeting when the stock was trading in the $45-55 range. In the meantime, support is the 5- dma at $60.88 with additional support at the December 12th intra- day low of $60. Resistance is holding steady at Wednesday's intra-day high of $61.88 and then $62.69, the November 17th intra-day high. A bounce off of $60.88 or a move above $61.88 on midday volume of at least 450,00 shares may be possible entry points. Our stops remain at $57.50 to limit losses.

Picked on November 19th @ $62.69
Change since picked -1.19
Stop Loss @ $57.50