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Bullish Moving Average Cross by Firstenergy Corp (FE)

By David Diaz

Firstenergy Corp (NYSE:FE) crossed over its 10-day moving average of $38.62 on a volume of 401K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Firstenergy Corp share prices have been bracketed by a low of $32.00 and a high of $52.51 and are now at $40.64, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 2.2%.

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

Keywords: moving crosses firstenergy corp

Ticker(s): FE