NRG Energy: The Trend Continues Down (NRG)
SmarTrend identified a Downtrend for NRG Energy (NYSE: NRG) on February 03, 2010 at $23.30. In approximately 1 month, NRG Energy has returned 3.7% as of today's recent price of $22.43.
NRG Energy is currently below its 50-day moving average of $23.54 and below its 200-day moving average of $24.96. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of NRG Energy.
Write to Chip Brian at cbrian@tradethetrend.com
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