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Look for Shares of Nrg Energy to Potentially Rebound after Yesterday's 2.70% Sell Off

By Shiri Gupta

Nrg Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $24.08 to a high of $25.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $24.60 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Nrg Energy on May 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.33. Since that recommendation, shares of Nrg Energy have risen 51.9%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Nrg Energy has traded in a range of $9.84 to $26.25 and is now at $24.13, 145% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 2.6%.

Keywords: rebounders NRG Energy

Ticker(s): NRG