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Bullish Moving Average Cross by Nrg Energy (NRG)

By Amy Schwartz

Today, shares of Nrg Energy (NYSE:NRG) have crossed bullishly above their 10-day moving average of $30.26 on a volume of 1.0 million 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.

In the past 52 weeks, Nrg Energy share prices have been bracketed by a low of $9.84 and a high of $30.85 and are now at $30.45, 210% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of Nrg Energy on March 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.36. Since that recommendation, shares of Nrg Energy have risen 5.8%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses NRG Energy

Ticker(s): NRG