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NRG Energy’s Chart Indicators and Short Interest

Vincent Kruger
NRG Energy’s Chart Indicators and Short Interest

NRG Energy (NRG), one of the smallest components of the Utilities ETF (XLU), has rallied more than 25% in 2018. NRG Energy has beat utilities at large by a significant margin. Let’s see where the stock might go in the short term. Currently, NRG Energy stock is trading 5% and 16% above its 50-day and 200-day moving average levels, respectively. The premium to both of these moving averages represents strength in NRG Energy. The levels close to $33.92 and $31.0 are expected to act as a support for the stock in the near future. The stock closed at $35.79 on September 25.