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Nrg Energy Bearish Moving Average Crossover Alert (NRG)

By David Diaz

Today, shares of Nrg Energy (NYSE:NRG) have crossed bearishly below their 10-day moving average of $34.80 on a volume of 351K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Nrg Energy have traded between a low of $29.90 and a high of $43.66 and are now at $34.43, which is 15% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Nrg Energy on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $40.26. Since that call, shares of Nrg Energy have fallen 12.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses NRG Energy

Ticker(s): NRG