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Firstenergy Corp Rises 1.21% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Firstenergy Corp (NYSE:FE) traded in a range yesterday that spanned from a low of $48.16 to a high of $48.32. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $48.28 on volume of 926,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Firstenergy Corp have traded between a low of $37.29 and a high of $49.07 and are now at $48.40, which is 30% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: rebounders firstenergy corp

Ticker(s): FE