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Look for Shares of Dominion Energy to Potentially Pullback after Yesterday's 1.38% Rise

By David Diaz

Dominion Energy (NYSE:D) traded in a range yesterday that spanned from a low of $75.24 to a high of $76.43. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $75.75 on volume of 2.7 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 $67.41 and a high of $79.47 and are now at $76.33, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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

Keywords: rebounders dominion energy

Ticker(s): D