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Shares of Entergy Corp Rise to a New 52-Week High

By James Quinn

Shares of Entergy Corp (NYSE:ETR) traded today at $111.87, breaking its 52-week high. So far today approximately 74,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Entergy Corporation is an integrated energy company that is primarily focused on electric power production and retail electric distribution operations. The Company delivers electricity to utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy also owns and operates nuclear plants in the northern United States.

In the past 52 weeks, Entergy Corp share prices have been bracketed by a low of $78.99 and a high of $111.87 and are now at $111.87, 42% above that low price. The 200-day and 50-day moving averages have moved 0.58% higher and 0.80% higher over the past week, respectively.

Entergy Corp (NYSE:ETR) defies analysts with a current price ($111.87) 23.7% above its average consensus price target of $85.35. The stock should find initial support at its 50-day moving average (MA) of $105.18 and further support at its 200-day MA of $94.88.

SmarTrend recommended that subscribers consider buying shares of Entergy Corp on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.62. Since that recommendation, shares of Entergy Corp have risen 25.6%. We continue to monitor ETR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Entergy Corp

Ticker(s): ETR