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Where FirstEnergy Stock Might Go from Here

Vincent Kruger
Where FirstEnergy Stock Might Go from Here

FirstEnergy (FE), a utility under transformation, is one of the top-rallied stocks among the S&P 500 Utilities (XLU). Currently, FirstEnergy is trading 1% and 8% above its 50-day and 200-day moving average levels, respectively. Both of these moving averages could act as a support for FirstEnergy stock in the short term. The stock closed at $36.9 on September 21.