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SmarTrend Watching for Potential Pullback in Shares of Duke Energy Corp After 1.70% Gain

By Shiri Gupta

Duke Energy Corp (NYSE:DUK) traded in a range yesterday that spanned from a low of $76.82 to a high of $78.04. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $77.78 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Duke Energy Corp have traded between a low of $72.34 and a high of $91.80 and are now at $77.97, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

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

Keywords: rebounders duke energy corp

Ticker(s): DUK