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NextEra Energy Crosses Above its 10-day MA (NEE)

By James Quinn

Today, shares of NextEra Energy (NYSE:NEE) have crossed bullishly above their 10-day moving average of $122.80 on a volume of 681K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of NextEra Energy have traded between a low of $93.74 and a high of $131.98 and are now at $122.95, which is 31% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.21% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of NextEra Energy on August 5th, 2016 by issuing a Downtrend alert when the shares were trading at $126.24. Since that call, shares of NextEra Energy have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses nextera energy

Ticker(s): NEE