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Nextera Energy Bearish Moving Average Crossover Alert (NEE)

By David Diaz

Nextera Energy (NYSE:NEE) shares have crossed bearishly below their 10-day moving average of $162.50 on a volume of 347K 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, Nextera Energy share prices have been bracketed by a low of $110.49 and a high of $164.71 and are now at $161.92, 47% 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 0.2%.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $155.07. Since that recommendation, shares of Nextera Energy have risen 5.0%. We continue to monitor NEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses nextera energy

Ticker(s): NEE