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Bullish Moving Average Cross by Duke Energy Corp (DUK)

By Amy Schwartz

Duke Energy Corp (NYSE:DUK) crossed over its 10-day moving average of $81.01 on a volume of 610K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Duke Energy Corp share prices have moved between a 52-week high of $91.80 and a 52-week low of $71.96 and are now trading 13% above that low price at $81.39 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Duke Energy Corp on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.22. Since that recommendation, shares of Duke Energy Corp have risen 7.4%. We continue to monitor DUK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses duke energy corp

Ticker(s): DUK