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Recent 52-Week High Exceeded in Shares of Eversource Energ (ES)

By Shiri Gupta

Shares of Eversource Energ (NYSE:ES) traded today at $77.82, breaking its 52-week high. So far today approximately 97,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Eversource Energy is a public utility holding company. The Company, through its subsidiaries, provides electric service to customers in Connecticut, New Hampshire, and western Massachusetts. Eversource Energy also distributes natural gas throughout Connecticut.

Eversource Energ share prices have moved between a 52-week high of $77.82 and a 52-week low of $54.50 and are now trading 43% above that low price at $77.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

Eversource Energ (NYSE:ES) defies analysts with a current price ($77.82) 20.2% above its average consensus price target of $62.13. The stock should discover initial support at its 50-day moving average (MA) of $73.00 and subsequent support at its 200-day MA of $68.14.

SmarTrend recommended that subscribers consider buying shares of Eversource Energ on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.88. Since that recommendation, shares of Eversource Energ have risen 13.7%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows eversource energ

Ticker(s): ES