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Nextera Energy Rises 2.84% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Nextera Energy (NYSE:NEE) traded in a range yesterday that spanned from a low of $233.01 to a high of $235.48. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $232.41 on volume of 246,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Nextera Energy has traded in a range of $164.78 to $235.48 and is now at $235.41, 43% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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