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Bullish Moving Average Cross by NRG Energy (NRG)

By Nick Russo

NRG Energy (NYSE:NRG) crossed over its 10-day moving average of $14.35 on a volume of 420K 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, NRG Energy share prices have been bracketed by a low of $8.80 and a high of $26.78 and are now at $14.47, 64% 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 is monitoring the recent change of momentum in NRG Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of NRG Energy in search of a potential trend change.

Keywords: moving crosses NRG Energy

Ticker(s): NRG