Duke Energy Crosses Below its 10-day MA (DUK)
Duke Energy (NYSE:DUK) shares have crossed bearishly below their 10-day moving average of $85.20 on a volume of 371K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Duke Energy have traded between a low of $65.50 and a high of $87.31 and are now at $84.89, which is 30% above that low price. 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 5.7%. 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