Shares of Entergy Under Pressure, Down 2.1%

Published on Tue, 01/31/2012 - 12:35
By Peter Chu in Market movers, ETR, entergy, market movers, nyse:etr

Entergy (NYSE:ETR) is one of today's biggest movers, down 2.1% to $68.97. The S&P is currently trading fractionally lower to 1,311 and the Dow Jones Industrial Average is trading 0.4% lower to 12,609.

In the past 52 weeks, Entergy share prices have been bracketed by a low of $57.60 and a high of $74.26 and are now at $68.97, 20% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Potential upside of 6.6% exists for Entergy, based on a current level of $68.97 and analysts' average consensus price target of $73.55. The stock should find resistance at its 50-day moving average (MA) of $70.83, as well as support at its 200-day MA of $67.81.

Entergy Corporation is an integrated energy company that is primarily focused on electric power production and retail electric distribution operations. The Company delivers electricity to utility customers in Arkansas, Louisiana, Mississippi, and Texas. Entergy also owns and operates nuclear plants in the northern United States

By Peter Chu
pchu@fnno.com
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