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SmarTrend Watching for Potential Pullback in Shares of Duke Energy Corp After 1.98% Gain

By Amy Schwartz

Duke Energy Corp (NYSE:DUK) traded in a range yesterday that spanned from a low of $87.85 to a high of $89.06. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $88.93 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.

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.

Over the past year, Duke Energy Corp has traded in a range of $82.46 to $97.37 and is now at $88.05, 7% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

Keywords: rebounders duke energy corp

Ticker(s): DUK