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Duke Energy Corp Set to Possibly Pullback After Yesterday's Rally of 1.09%

By Amy Schwartz

Duke Energy Corp (NYSE:DUK) traded in a range yesterday that spanned from a low of $84.25 to a high of $85.37. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $85.02 on volume of 842,000 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 Duke Energy Corp have traded between a low of $71.96 and a high of $91.80 and are now at $85.30, which is 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

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: rebounders duke energy corp

Ticker(s): DUK