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Eversource Energ Bearish Moving Average Crossover Alert (ES)

By James Quinn

Eversource Energ (NYSE:ES) crossed under its 10-day moving average of $63.08 on a volume of 136K 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.

Eversource Energ share prices have moved between a 52-week high of $66.15 and a 52-week low of $52.76 and are now trading 19% above that low price at $62.73 per share. The 200-day and 50-day moving averages have moved 0.02% lower and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Eversource Energ on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.59. Since that recommendation, shares of Eversource Energ have risen 14.4%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses eversource energ

Ticker(s): ES