NEE just scored a 52-week high
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Utility stock NextEra Energy Inc (NYSE:NEE) just hit a 52-week high after breaking above resistance just above the 80 strike that has been in place since May. Plus, the ascending 20-day moving average now sits at this former level of pressure.
Short interest hit an all-time high in May. And though there’s mostly been covering since then, there was a 15% build from July-August ahead of this week’s breakout that has fresh shorts underwater.
Our recommended January call has a leverage ratio of 7.1, and will double on a 14.8% rise in the underlying shares.