NRG on the rise
NRD – NRG Energy Inc. – is currently moving in a triangle we show with the blue lines. The question at this point is whether the stock will break up and above the upper triangle side.
First of all, NRG’s 10- day exponential moving average is moving above its 20- day exponential moving average. In addition, the last three bullish candlesticks that brought price to the upper Bollinger Band are a sign the bulls have the upper hand.
This slow momentum buildup is also shown in MACD that just moved above its signal line.
Finally, NRG’s Relative Strength has also moved above its 20- day exponential moving average, which means that NRG is getting at least comparatively stronger