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Bullish Moving Average Cross by Nextera Energy (NEE)

By Shiri Gupta

Today, shares of Nextera Energy (NYSE:NEE) have advanced above their 10-day MA of $220.04 on a volume of 268K 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, shares of Nextera Energy have traded between a low of $164.25 and a high of $225.96 and are now at $220.77, which is 34% above that low price. The 200-day and 50-day moving averages have moved 0.53% higher and 0.63% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $177.83. Since that recommendation, shares of Nextera Energy have risen 22.8%. 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