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FirstEnergy Crosses Above its 10-day MA (FE)

By Nick Russo

Today, shares of FirstEnergy (NYSE:FE) have advanced above their 10-day MA of $32.66 on a volume of 556K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, FirstEnergy has traded in a range of $28.89 to $37.05 and is now at $32.79, 14% above that low. The 200-day and 50-day moving averages have moved 0.04% lower and 0.10% higher over the past week, respectively.

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 3.7%. 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