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Watch for Dominion Energy to Potentially Rebound After Falling 1.41% Yesterday

By Amy Schwartz

Dominion Energy (NYSE:D) traded in a range yesterday that spanned from a low of $63.39 to a high of $64.58. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $63.79 on volume of 1.3 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, Dominion Energy share prices have been bracketed by a low of $62.31 and a high of $85.30 and are now at $63.56, 2% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Dominion Energy on December 20th, 2017 by issuing a Downtrend alert when the shares were trading at $81.13. Since that call, shares of Dominion Energy have fallen 20.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders dominion energy

Ticker(s): D