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Watch for Shares of Duke Energy Corp (DUK) to Approach Resistance at $87.20

By Shiri Gupta

Shares of Duke Energy Corp (NYSE:DUK) have bullishly opened above the pivot of $86.59 today and have reached the first resistance level of $86.92. Analysts will be watching for a cross of the next upside pivot targets of $87.20 and $87.81.

Duke Energy Corp (NYSE:DUK) is currently priced 6.0% above its average consensus analyst price target of $82.00. The stock should find resistance at its 50-day moving average (MA) of $88.38, as well as support at its 200-day MA of $86.37.

Over the past year, Duke Energy Corp has traded in a range of $71.96 to $91.67 and is now at $87.28, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Duke Energy Corp and will alert subscribers who have DUK in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts duke energy corp

Ticker(s): DUK