Duke Energy Bearish Moving Average Crossover Alert (DUK)
Today, shares of Duke Energy (NYSE:DUK) have fallen below their 10-day MA of $85.41 on a volume of 515K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Duke Energy share prices have moved between a 52-week high of $87.31 and a 52-week low of $65.50 and are now trading 30% above that low price at $85.11 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.
SmarTrend recommended that subscribers consider buying shares of Duke Energy on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $80.77. Since that recommendation, shares of Duke Energy have risen 6.5%. We continue to monitor DUK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Duke Energy