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Analyzing NRG Energy’s Chart Indicators

Vincent Kruger
Analyzing NRG Energy’s Chart Indicators

NRG Energy (NRG) stock is trading at $40.0, which is almost 2% and 15% above its 50-day and 200-day moving average levels, respectively. The premium to both of the simple moving averages indicates strength in the stock. The levels close to $39.0 and $34.9 will likely act as a support for NRG Energy stock in the short term. NRG Energy hasn’t broken below its 200-day moving average level in more than a year.