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Nrg Energy Bullish Moving Average Crossover Alert (NRG)

By David Diaz

Today, shares of Nrg Energy (NYSE:NRG) have advanced above their 10-day MA of $33.63 on a volume of 1.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Nrg Energy share prices have been bracketed by a low of $15.95 and a high of $35.17 and are now at $33.90, 113% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Nrg Energy on March 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.36. Since that recommendation, shares of Nrg Energy have risen 18.2%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses NRG Energy

Ticker(s): NRG