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Nextera Energy Rises 1.38% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Nextera Energy (NYSE:NEE) traded in a range yesterday that spanned from a low of $197.22 to a high of $197.54. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $196.71 on volume of 552,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Nextera Energy share prices have moved between a 52-week high of $197.44 and a 52-week low of $155.06 and are now trading 27% above that low price at $197.22 per share. 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%.

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

Keywords: rebounders nextera energy

Ticker(s): NEE