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After Yesterday's Rally of 1.05% Shares Could Potentially Pullback

By Nick Russo

Dominion Energy (NYSE:D) traded in a range yesterday that spanned from a low of $62.67 to a high of $63.47. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $63.19 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Dominion Energy share prices have moved between a 52-week high of $85.30 and a 52-week low of $61.53 and are now trading 3% above that low price at $63.38 per share. The 200-day and 50-day moving averages have moved 0.54% lower and 0.86% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Dominion Energy on December 20th, 2017 by issuing a Downtrend alert when the shares were trading at $81.13. Since that call, shares of Dominion Energy have fallen 22.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dominion energy

Ticker(s): D