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SmarTrend Watching for Potential Pullback in Shares of Xcel Energy Inc After 1.53% Gain

By James Quinn

Xcel Energy Inc (NASDAQ:XEL) traded in a range yesterday that spanned from a low of $63.72 to a high of $64.19. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $63.42 on volume of 599,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Xcel Energy Inc has traded in a range of $48.29 to $66.05 and is now at $64.20, 33% above that low. Over the last five market days, 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 Xcel Energy Inc and will alert subscribers who have XEL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders xcel energy inc

Ticker(s): XEL