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After Yesterday's Rally of 1.70% Shares Could Potentially Pullback

By David Diaz

Eversource Energ (NYSE:ES) traded in a range yesterday that spanned from a low of $86.14 to a high of $86.62. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $85.80 on volume of 687,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Eversource Energ on November 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.24. Since that recommendation, shares of Eversource Energ have risen 4.4%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Eversource Energ share prices have been bracketed by a low of $64.73 and a high of $86.62 and are now at $86.90, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders eversource energ

Ticker(s): ES