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Look for Shares of Nextera Energy to Potentially Pullback after Yesterday's 1.10% Rise

By David Diaz

Nextera Energy (NYSE:NEE) traded in a range yesterday that spanned from a low of $171.91 to a high of $174.45. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $173.36 on volume of 593,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Nextera Energy on June 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $159.96. Since that recommendation, shares of Nextera Energy have risen 7.8%. We continue to monitor NEE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Nextera Energy have traded between a low of $144.70 and a high of $175.65 and are now at $174.24, which is 20% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.2%.

Keywords: rebounders nextera energy

Ticker(s): NEE