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Shares of Entergy Corp Rise to a New 52-Week High

By Nick Russo

Entergy Corp (NYSE:ETR) traded today at a new 52-week high of $119.17. Approximately 248,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

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 Corp (NYSE:ETR) defies analysts with a current price ($117.54) 27.4% above its average consensus price target of $85.35. The stock should find initial support at its 50-day moving average (MA) of $113.59 and further support at its 200-day MA of $100.30.

In the past 52 weeks, shares of Entergy Corp have traded between a low of $81.02 and a high of $119.17 and are now at $117.54, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.5%.

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

Keywords: 52 week high/lows Entergy Corp

Ticker(s): ETR