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Watch for NRG Energy to Potentially Pullback After Gaining 5.29% Yesterday

By Nick Russo

NRG Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $11.00 to a high of $11.57. Yesterday, the shares gained 5.3%, which took the trading range above the 3-day high of $11.46 on volume of 4.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

NRG Energy share prices have moved between a 52-week high of $26.78 and a 52-week low of $8.80 and are now trading 30% above that low price at $11.46 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has slid 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of NRG Energy on August 9th, 2016 by issuing a Downtrend alert when the shares were trading at $13.29. Since that call, shares of NRG Energy have fallen 17.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders NRG Energy

Ticker(s): NRG