Entergy Corporation (ETR) Shares are Up 1.71%

Entergy Corporation (ETR) has been under a strong bear grip, hence the stock is down -1.93% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.09% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.71% in the last 1 week, and is up 4.69% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Entergy Corporation (NYSE:ETR): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.26 and $80.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.65, notching a gain of 1.77% for the day. The total traded volume was 759,696 . The stock had closed at $80.23 on the previous day.


The stock has recorded a 20-day Moving Average of 1.73% and the 50-Day Moving Average is 4.41%. Entergy Corporation is up 11.05% in the last 3-month period. Year-to-Date the stock performance stands at 22.24%.

Entergy Corporation is a holding company. The Company is an integrated energy company engaged in electric power production and retail electric distribution operations. The Company owns and operates power plants with approximately 30,000 megawatts of aggregate electric generating capacity, including approximately 10,000 megawatts of nuclear-fueled capacity. It operates in two business segments: Utility and Entergy Wholesale Commodities. The Utility segment includes the generation, transmission, distribution and sale of electric power to retail and wholesale customers in areas of Arkansas, Mississippi, Texas and Louisiana, including the City of New Orleans and operates a natural gas distribution business. The Entergy Wholesale Commodities business segment includes the ownership, operation and decommissioning of nuclear power plants located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.

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