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Look for Shares of Eversource Energ to Potentially Pullback after Yesterday's 1.08% Rise

By Nick Russo

Eversource Energ (NYSE:ES) traded in a range yesterday that spanned from a low of $64.38 to a high of $65.50. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $64.66 on volume of 309,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Eversource Energ share prices have moved between a 52-week high of $66.15 and a 52-week low of $52.76 and are now trading 24% above that low price at $65.42 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.20% higher over the past week, respectively.

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

Keywords: rebounders eversource energ

Ticker(s): ES