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Analysts’ Top 5 Favorite S&P 500 Utilities Stocks

PART:
1 2 3 4 5 6 7 8 9 10 11
Part 3
Analysts’ Top 5 Favorite S&P 500 Utilities Stocks PART 3 OF 11

NRG Energy Stock Enters Overbought Zone: What’s Next?

Market performance

The involvement of activist shareholders influenced NRG Energy’s (NRG) epic ascent so far this year. It’s worth noting that NRG Energy stock, one of the laggards last year, doubled in 2017. It thrashed broader utilities with the Utilities Select Sector SPDR ETF (XLU), a representative of SPX utilities, which rose 11.0% year-to-date.

NRG’s peers and independent power producers Dynegy (DYN) and Calpine (CPN) rose 12.0% and 29.0%, respectively, year-to-date.

NRG Energy Stock Enters Overbought Zone: What’s Next?

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Chart indicators

NRG Energy stock is currently trading 5.0% and 35.0% above its 50-day and 200-day simple moving averages, respectively. NRG stock recently broke above its 50-day moving average and a huge premium to its 200-day moving average, which highlights the strength of the stock.

NRG Energy stock is currently trading in the overbought zone, given its RSI (relative strength index) above 70.

RSI values below 30 are in the oversold zone, while values above 70 are in the overbought zone. Extreme RSI levels could indicate a forthcoming reversal in the stock’s price.

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