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Nrg Energy Crosses Above its 10-day MA (NRG)

By Shiri Gupta

Today, shares of Nrg Energy (NYSE:NRG) have crossed bullishly above their 10-day moving average of $30.88 on a volume of 637K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Nrg Energy has traded in a range of $16.04 to $35.17 and is now at $31.11, 94% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Nrg Energy on June 19th, 2018 by issuing a Downtrend alert when the shares were trading at $32.30. Since that call, shares of Nrg Energy have fallen 5.4%. 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