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Nextera Energy: The Winning Streak Continues (NEE)

By Amy Schwartz

Nextera Energy (NYSE:NEE) traded at a new 52-week high today of $222.65. This new high was reached on below average trading volume as 220,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Based on a current price of $222.65, Nextera Energy is currently 24.2% above its average consensus analyst price target of $168.73. Nextera Energy shares have support at the 50-day moving average (MA) of $210.25 and additional support at the 200-day MA of $191.68.

In the past 52 weeks, shares of Nextera Energy have traded between a low of $164.25 and a high of $222.65 and are now at $222.65, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

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 24.6%. 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