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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By Nick Russo

Nrg Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $23.09 to a high of $23.73. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $23.47 on volume of 4.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Nrg Energy has traded in a range of $9.84 to $23.64 and is now at $23.64, 140% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 1%.

SmarTrend recommended that subscribers consider buying shares of Nrg Energy on May 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.33. Since that recommendation, shares of Nrg Energy have risen 43.4%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders NRG Energy

Ticker(s): NRG