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Bullish Moving Average Cross by NRG Energy (NRG)

By Amy Schwartz

NRG Energy (NYSE:NRG) crossed over its 10-day moving average of $11.12 on a volume of 2.5 million 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 NRG Energy have traded between a low of $8.80 and a high of $26.78 and are now at $11.27, which is 28% above that low price. The 200-day and 50-day moving averages have moved 1.01% lower and 2.57% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of NRG Energy on August 9th, 2016 by issuing a Downtrend alert when the shares were trading at $13.29. Since that call, shares of NRG Energy have fallen 17.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses NRG Energy

Ticker(s): NRG