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Bearish Moving Average Cross by Nextera Energy (NEE)

By James Quinn

Nextera Energy (NYSE:NEE) crossed under its 10-day moving average of $150.32 on a volume of 152K 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 $110.49 and a high of $151.30 and are now at $150.12, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.21% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on December 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.93. Since that recommendation, shares of Nextera Energy have risen 25.5%. We continue to monitor NEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nextera energy

Ticker(s): NEE