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Bearish Moving Average Cross by Firstenergy Corp (FE)

By James Quinn

Today, shares of Firstenergy Corp (NYSE:FE) have fallen below their 10-day MA of $44.01 on a volume of 578K 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.

Firstenergy Corp share prices have moved between a 52-week high of $44.75 and a 52-week low of $35.33 and are now trading 24% above that low price at $43.88 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 0.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Firstenergy Corp on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.23. Since that recommendation, shares of Firstenergy Corp have risen 15.6%. We continue to monitor FE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses firstenergy corp

Ticker(s): FE