NRG Energy continues its bullish trend in order to test new highest level.

The company’s fundamentals are still strong. Surperformance ratings highlight the quality of the file. This is underlined by the analysts from Thomson Reuters consensus which have revised largely upward their EPS estimates.

From a technical viewpoint, the security is trading in a bullish trend in the short and the long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to come back to the USD 29 resistance.

Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price in order to benefit from a possible reversal. The first target price is the USD 29 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be placed under the USD 27.4 short term, threshold that would invalidate this trading strategy.