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Where NRG Energy Stock Might Go from Here

Vincent Kruger
Where NRG Energy Stock Might Go from Here

NRG Energy (NRG), one of the most rallied stocks among S&P 500 Utilities (XLU), continues to look strong based on its simple moving average levels. Currently, NRG Energy is trading at $36.86—almost 4% and 16% above its 50-day and 200-day moving averages, respectively. The large premium to both of the support levels indicates strength in the stock. The moving average levels around $35.50 and $31.72 are expected to act as a support for NRG Energy stock in the short term.