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NV Energy: The Winning Streak Continues (NVE)

Published on Wed, 04/03/2013 - 14:15
By Mallory Stone

NV Energy (NYSE:NVE) traded at a new 52-week high today of $20.44. This new high was reached on above average trading volume as 4.6 million shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

NV Energy, Inc., through its subsidiaries, generates, transmits, and distributes electric energy throughout Nevada and the Lake Tahoe area of California. Additionally, the company provides natural gas services in the Reno Sparks area of Nevada.

Based on a current price of $20.41, NV Energy is currently 0.6% above its average consensus analyst price target of $20.28. The stock should find initial support at its 50-day moving average (MA) of $19.52 and further support at its 200-day MA of $18.48.

NV Energy share prices have moved between a 52-week high of $20.44 and a 52-week low of $15.40 and are now trading 33% above that low price at $20.41 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

By Mallory Stone