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Duke Energy Corp Crosses Below its 10-day MA (DUK)

By Nick Russo

Today, shares of Duke Energy Corp (NYSE:DUK) have crossed bearishly below their 10-day moving average of $81.97 on a volume of 599K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Duke Energy Corp has traded in a range of $71.96 to $91.80 and is now at $81.13, 13% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Duke Energy Corp on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.22. Since that recommendation, shares of Duke Energy Corp have risen 9.2%. 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 corp

Ticker(s): DUK