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Bullish Moving Average Cross by Nextera Energy (NEE)

By David Diaz

Today, shares of Nextera Energy (NYSE:NEE) have crossed bullishly above their 10-day moving average of $161.76 on a volume of 280K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Nextera Energy share prices have been bracketed by a low of $110.49 and a high of $165.15 and are now at $162.20, 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.07. Since that recommendation, shares of Nextera Energy have risen 3.4%. 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