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What Duke Energy’s Chart Indicators Suggest

Vincent Kruger
What Duke Energy’s Chart Indicators Suggest

Utilities witnessed a solid uptrend mainly after the Fed delivered the third interest rate hike in 2018. Duke Energy (DUK) stock, one of the top gainers, has risen more than 15% during the same period. The stock hit a new 52-week high on December 4. Let’s take a look at where Duke Energy stock could go from the current levels. Duke Energy is trading at $90.0, which is almost 8% and 13% above its 50-day and 200-day moving average levels, respectively. The fair premium to both of the support levels highlights the strength in the stock. The levels close to $83.74 and $79. ...