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FirstEnergy Bullish Moving Average Crossover Alert (FE)

By Nick Russo

Today, shares of FirstEnergy (NYSE:FE) have crossed bullishly above their 10-day moving average of $32.83 on a volume of 807K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

FirstEnergy share prices have moved between a 52-week high of $37.05 and a 52-week low of $28.89 and are now trading 14% above that low price at $33.06 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of FirstEnergy on August 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $33.70. Since that call, shares of FirstEnergy have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses firstenergy

Ticker(s): FE