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Upgrade Alert for Entergy (ETR)

By Shiri Gupta

Entergy (NYSE:ETR) was upgraded from Buy to Conviction Buy at Goldman Sachs today. The stock closed yesterday at $78.33 on volume of 1.1 million shares, below average daily volume of 1.6 million.

Entergy share prices have moved between a 52-week high of $80.06 and a 52-week low of $61.27 and closed yesterday at 28% above that low price at $78.33 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Entergy Corporation is an integrated energy company that is primarily focused on electric power production and retail electric distribution operations. The Company delivers electricity to utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy also owns and operates nuclear plants in the northern United States

Entergy (NYSE:ETR) is currently priced 8.6% above its average consensus analyst price target of $71.60. Entergy shares have support at the 50-day moving average (MA) of $76.15 and additional support at the 200-day MA of $69.82.

SmarTrend is monitoring the recent change of momentum in Entergy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Entergy in search of a potential trend change.

Keywords: analyst upgrades/downgrades entergy

Ticker(s): ETR