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Eversource Energ: 52-Week High Recently Eclipsed (ES)

By Nick Russo

Shares of Eversource Energ (NYSE:ES) traded at a new 52-week high today of $79.52. Approximately 92,000 shares have changed hands today, as compared to an average 30-day volume of 1.5 million shares.

Over the past year, Eversource Energ has traded in a range of $60.15 to $79.52 and is now at $79.52, 32% above that low. The 200-day and 50-day moving averages have moved 0.33% higher and 0.25% higher over the past week, respectively.

Based on a current price of $79.52, Eversource Energ is currently 21.9% above its average consensus analyst price target of $62.13. The stock should find initial support at its 50-day moving average (MA) of $77.18 and further support at its 200-day MA of $71.37.

Eversource Energy is a public utility holding company. The Company, through its subsidiaries, provides electric service to customers in Connecticut, New Hampshire, and western Massachusetts. Eversource Energy also distributes natural gas throughout Connecticut.

SmarTrend recommended that subscribers consider buying shares of Eversource Energ on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.88. Since that recommendation, shares of Eversource Energ have risen 17.2%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows eversource energ

Ticker(s): ES