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Nextera Energy: 52-Week High Recently Eclipsed (NEE)

By David Diaz

Shares of Nextera Energy (NYSE:NEE) traded today at $204.13, breaking its 52-week high. So far today approximately 62,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Nextera Energy (NYSE:NEE) is currently priced 17.3% above its average consensus analyst price target of $168.73. The stock should discover initial support at its 50-day moving average (MA) of $192.19 and subsequent support at its 200-day MA of $179.94.

In the past 52 weeks, Nextera Energy share prices have been bracketed by a low of $155.06 and a high of $204.13 and are now at $204.13, 32% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $177.83. Since that recommendation, shares of Nextera Energy have risen 14.3%. We continue to monitor NEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows nextera energy

Ticker(s): NEE