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Entergy Corp Bearish Moving Average Crossover Alert (ETR)

By David Diaz

Today, shares of Entergy Corp (NYSE:ETR) have fallen below their 10-day MA of $102.55 on a volume of 143K 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.

In the past 52 weeks, shares of Entergy Corp have traded between a low of $77.59 and a high of $104.48 and are now at $102.26, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.54% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Entergy Corp on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.62. Since that recommendation, shares of Entergy Corp have risen 16.5%. We continue to monitor ETR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Entergy Corp

Ticker(s): ETR