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Bullish Moving Average Cross by Nextera Energy (NEE)

By Amy Schwartz

Today, shares of Nextera Energy (NYSE:NEE) have crossed bullishly above their 10-day moving average of $140.70 on a volume of 161K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $144.87 and are now at $140.92, which is 28% 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 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 17.1%. 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