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NRG Energy Bearish Moving Average Crossover Alert (NRG)

By James Quinn

NRG Energy (NYSE:NRG) shares have crossed bearishly below their 10-day moving average of $15.25 on a volume of 817K 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.

Over the past year, NRG Energy has traded in a range of $8.80 to $26.78 and is now at $14.90, 69% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 1%.

SmarTrend is tracking the current trend status for NRG Energy and will alert subscribers who have NRG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses NRG Energy

Ticker(s): NRG