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Duke Energy Corp (DUK) Approaches New Downside Target of $90.29

By Amy Schwartz

Shares of Duke Energy Corp (NYSE:DUK) opened today below their pivot of $90.60 and have already reached the first level of support at $90.42. Should the shares continue to fall, the support pivots of $90.29 and $89.98 will be of interest.

In the past 52 weeks, shares of Duke Energy Corp have traded between a low of $71.96 and a high of $91.35 and are now at $90.35, which is 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

Duke Energy Corp (NYSE:DUK) is currently priced 9.2% above its average consensus analyst price target of $82.00. The stock should discover initial support at its 50-day moving average (MA) of $87.56 and subsequent support at its 200-day MA of $83.16.

SmarTrend is tracking the current trend status for Duke Energy Corp and will alert subscribers who have DUK in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts duke energy corp

Ticker(s): DUK