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After Yesterday's Rally of 1.78% Shares Could Potentially Pullback

By Shiri Gupta

Nrg Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $24.27 to a high of $24.95. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $24.59 on volume of 3.3 million 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, Nrg Energy share prices have been bracketed by a low of $9.84 and a high of $24.91 and are now at $24.88, 153% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 2.6%.

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 50.0%. 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