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Dominion Energy Set to Possibly Pullback After Yesterday's Rally of 1.20%

By David Diaz

Dominion Energy (NYSE:D) traded in a range yesterday that spanned from a low of $64.70 to a high of $65.80. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $65.13 on volume of 1.8 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, Dominion Energy share prices have been bracketed by a low of $63.88 and a high of $85.30 and are now at $65.54, 3% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

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 20.2%. 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