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SmarTrend Watching for Potential Rebound in Shares of Xcel Energy Inc After 1.58% Loss

By David Diaz

Xcel Energy Inc (NASDAQ:XEL) traded in a range yesterday that spanned from a low of $47.80 to a high of $49.11. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $48.39 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Xcel Energy Inc have traded between a low of $41.51 and a high of $52.22 and are now at $47.91, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Xcel Energy Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Xcel Energy Inc in search of a potential trend change.

Keywords: rebounders xcel energy inc

Ticker(s): XEL