• Return to Headlines

Shares of Nrg Energy Rise Above Previous 52-Week High

By Amy Schwartz

Shares of Nrg Energy (NYSE:NRG) traded today at $36.00, breaking its 52-week high. This new high was reached on below average trading volume as 257,000 shares traded hands, while the average 30-day volume is approximately 3.6 million shares.

There is potential upside of 0.7% for shares of Nrg Energy based on a current price of $35.62 and an average consensus analyst price target of $35.88. The stock should find initial support at its 50-day moving average (MA) of $32.99 and further support at its 200-day MA of $30.55.

In the past 52 weeks, shares of Nrg Energy have traded between a low of $22.90 and a high of $36.00 and are now at $35.62, which is 56% above that low price. The 200-day and 50-day moving averages have moved 0.31% higher and 0.86% higher over the past week, respectively.

NRG Energy, Inc. owns and operates a diverse portfolio of power-generating facilities, primarily in the United States. The Company's operations include energy production and cogeneration facilities, thermal energy production, and energy resource recovery facilities.

SmarTrend recommended that subscribers consider buying shares of Nrg Energy on July 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.47. Since that recommendation, shares of Nrg Energy have risen 10.2%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows NRG Energy

Ticker(s): NRG