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Watch for Continued Gains in Shares of Duke Energy Corp (DUK)

By James Quinn

Shares of Duke Energy Corp (NYSE:DUK) traded today at $94.42, breaking its 52-week high. Approximately 231,000 shares have changed hands today, as compared to an average 30-day volume of 2.7 million shares.

Based on a current price of $93.99, Duke Energy Corp is currently 12.8% above its average consensus analyst price target of $82.00. Duke Energy Corp shares have support at the 50-day moving average (MA) of $89.66 and additional support at the 200-day MA of $88.60.

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through three segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables.

Over the past year, Duke Energy Corp has traded in a range of $78.00 to $94.42 and is now at $93.99, 21% above that low. The 200-day and 50-day moving averages have moved 0.17% higher and 0.39% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Duke Energy Corp on August 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.73. Since that recommendation, shares of Duke Energy Corp have risen 4.7%. We continue to monitor DUK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows duke energy corp

Ticker(s): DUK