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Duke Energy Crosses Above its 10-day MA (DUK)

By Nick Russo

Duke Energy (NYSE:DUK) shares have crossed bullishly above their 10-day moving average of $80.44 on a volume of 471K 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.

Over the past year, Duke Energy has traded in a range of $65.50 to $87.31 and is now at $80.57, 23% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Duke Energy on August 10th, 2016 by issuing a Downtrend alert when the shares were trading at $83.91. Since that call, shares of Duke Energy have fallen 4.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Duke Energy

Ticker(s): DUK