After Yesterday's Rally of 1.21% Shares Could Potentially Pullback
Entergy (NYSE:ETR) traded in a range yesterday that spanned from a low of $74.38 to a high of $75.56. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $74.68 on volume of 341,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Entergy have traded between a low of $61.27 and a high of $80.06 and are now at $75.30, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.
SmarTrend is tracking the current trend status for Entergy and will alert subscribers who have ETR in their portfolio or watchlist when shares have changed trend direction.
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