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Firstenergy Corp Bearish Moving Average Crossover Alert (FE)

By Nick Russo

Firstenergy Corp (NYSE:FE) shares have crossed bearishly below their 10-day moving average of $41.03 on a volume of 1.3 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Firstenergy Corp have traded between a low of $32.55 and a high of $41.78 and are now at $40.90, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.41% higher and 0.89% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Firstenergy Corp on January 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.23. Since that recommendation, shares of Firstenergy Corp have risen 7.8%. We continue to monitor FE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses firstenergy corp

Ticker(s): FE