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Entergy Crosses Below its 10-day MA (ETR)

By Shiri Gupta

Entergy (NYSE:ETR) shares have crossed bearishly below their 10-day moving average of $78.77 on a volume of 132K 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.

Entergy share prices have moved between a 52-week high of $82.08 and a 52-week low of $61.27 and are now trading 28% above that low price at $78.50 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

SmarTrend is monitoring the recent change of momentum in Entergy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Entergy in search of a potential trend change.

Keywords: moving crosses entergy

Ticker(s): ETR