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Watch for Entergy Corp to Potentially Pullback After Gaining 1.37% Yesterday

By David Diaz

Entergy Corp (NYSE:ETR) traded in a range yesterday that spanned from a low of $121.83 to a high of $122.59. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $122.18 on volume of 406,000 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 Entergy Corp and will alert subscribers who have ETR in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Entergy Corp have traded between a low of $83.24 and a high of $122.59 and are now at $122.83, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

Keywords: rebounders Entergy Corp

Ticker(s): ETR