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Shares of NextEra Energy Has Risen Above Previous 52-Week High

By Nick Russo

NextEra Energy (NYSE:NEE) traded at a new 52-week high today of $137.73. This new high was reached on below average trading volume as 306,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

NextEra Energy, Inc. is a clean energy company. The Company, through its subsidiaries, generates, transmits, distributes, and sells electric energy utilizing natural gas, wind and nuclear resources.

In the past 52 weeks, NextEra Energy share prices have been bracketed by a low of $93.74 and a high of $137.73 and are now at $136.26, 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

NextEra Energy has overhead space with shares priced $136.26, or 0.4% below the average consensus analyst price target of $136.81. The stock should discover initial support at its 50-day moving average (MA) of $116.41 and subsequent support at its 200-day MA of $106.65.

SmarTrend recommended that subscribers consider buying shares of NextEra Energy on December 30th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $119.93. Since that recommendation, shares of NextEra Energy have risen 13.8%. We continue to monitor NEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows nextera energy

Ticker(s): NEE