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Nrg Energy Set to Possibly Rebound After Yesterday's Selloff of 2.89%

By Shiri Gupta

Nrg Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $36.95 to a high of $38.95. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $37.63 on volume of 3.0 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 July 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.47. Since that recommendation, shares of Nrg Energy have risen 18.3%. 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 $23.75 to $38.95 and is now at $37.33, 57% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.7%.

Keywords: rebounders NRG Energy

Ticker(s): NRG