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Bearish Moving Average Cross by Nextera Energy (NEE)

By James Quinn

Today, shares of Nextera Energy (NYSE:NEE) have crossed bearishly below their 10-day moving average of $172.06 on a volume of 280K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Nextera Energy have traded between a low of $145.10 and a high of $176.82 and are now at $171.68, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.06% higher over the past week, respectively.

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

Keywords: moving crosses nextera energy

Ticker(s): NEE