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Bearish Moving Average Cross by Duke Energy Corp (DUK)

By Nick Russo

Duke Energy Corp (NYSE:DUK) crossed under its 10-day moving average of $86.96 on a volume of 565K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Duke Energy Corp share prices have moved between a 52-week high of $91.67 and a 52-week low of $71.96 and are now trading 20% above that low price at $86.43 per share. The 200-day and 50-day moving averages have moved 0.12% higher and 0.11% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Duke Energy Corp and will alert subscribers who have DUK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses duke energy corp

Ticker(s): DUK