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Shares of Nextera Energy Rise to a New 52-Week High

By James Quinn

Nextera Energy (NYSE:NEE) traded today at a new 52-week high of $172.07. Approximately 184,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Nextera Energy share prices have moved between a 52-week high of $172.07 and a 52-week low of $144.70 and are now trading 19% above that low price at $171.98 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

NextEra Energy, Inc. provides sustainable energy generation and distribution services. The Company generates electricity through wind, solar, and natural gas. Through its subsidiaries, NextEra Energy also operates multiple commercial nuclear power units.

Based on a current price of $171.98, Nextera Energy is currently 1.9% above its average consensus analyst price target of $168.73. The stock should discover initial support at its 50-day moving average (MA) of $165.75 and subsequent support at its 200-day MA of $159.01.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on June 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.96. Since that recommendation, shares of Nextera Energy have risen 6.8%. 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