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Watch for Nrg Energy to Potentially Rebound After Falling 2.70% Yesterday

By Nick Russo

Nrg Energy (NYSE:NRG) traded in a range yesterday that spanned from a low of $24.08 to a high of $25.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $24.60 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Nrg Energy on May 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.33. Since that recommendation, shares of Nrg Energy have risen 51.9%. We continue to monitor NRG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Nrg Energy have traded between a low of $9.84 and a high of $26.25 and are now at $24.13, which is 145% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has advanced 2.6%.

Keywords: rebounders NRG Energy

Ticker(s): NRG