Written on Mon, 07/08/2013 - 6:40pm
By Amy Schwartz
NRG Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $26.31 to a high of $27.31. Yesterday, the shares gained 4.2%, which took the trading range above the 3-day high of $26.54 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of NRG Energy have traded between a low of $16.66 and a high of $28.67 and are now at $27.23, which is 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.3%.
SmarTrend is tracking the current trend status for NRG Energy and will alert subscribers who have NRG in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders NRG Energy
Ticker(s): NRG
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