Stock Of The Day: Is NRG Energy Losing Steam? Chart Pattern Signals Trouble Ahead
Shares of NRG Energy, Inc. NRG came back a little on Wednesday, but they are still in a downtrend.We have made NRG our Stock of the Day. On the chart, a classic double-top pattern has formed, suggesting the shares may be about to head lower.Chart patterns are graphical illustrations of the trading and price action occurring in a market. When the leadership changes from the bulls to the bears, the action can manifest itself on the chart as what analysts call reversal patterns.One of these is the double top.A ...