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Bullish Moving Average Cross by Nrg Energy (NRG)

By Amy Schwartz

Today, shares of Nrg Energy (NYSE:NRG) have advanced above their 10-day MA of $33.89 on a volume of 2.0 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 $15.53 and a high of $35.17 and are now at $34.34, which is 121% above that low price. The 200-day and 50-day moving averages have moved 0.49% higher and 0.67% higher over the past week, respectively.

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 16.9%. 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