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Look for Shares of Entergy Corp to Potentially Pullback after Yesterday's 1.73% Rise

By David Diaz

Entergy Corp (NYSE:ETR) traded in a range yesterday that spanned from a low of $108.08 to a high of $109.13. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $108.53 on volume of 631,000 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 Entergy Corp have traded between a low of $78.99 and a high of $109.13 and are now at $108.89, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Entergy Corp on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.62. Since that recommendation, shares of Entergy Corp have risen 20.7%. We continue to monitor ETR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Entergy Corp

Ticker(s): ETR