NextEra Energy’s Triple-Top Breakout Targets $100

Buy NEE for growth and its dividend yield

   
NextEra Energy’s Triple-Top Breakout Targets $100

NextEra Energy (NEE) — Formerly FPL Group, this company engages in the generation, transmission, distribution and sale of electricity through its subsidiaries, including Florida Power & Light and NextEra Energy Resources. The recovery in Florida’s economy should help the company grow.

Credit Suisse rates NEE “outperform” based on its estimated 5%-7% earnings growth and a solid and growing dividend, which is currently at $2.64 per year for a 2.9% yield.

On Jan. 28, the stock broke from a triple-top and right triangle. Accumulation is high and volume retracts on pullbacks. MACD is in a buy zone.

The triple-top breakout has a target of $100. Buy NEE for long-term growth and its dividend yield.

02 06 14 nee 300x194 NextEra Energy's Triple Top Breakout Targets $100
Click to Enlarge

chart key 300x84 NextEra Energy's Triple Top Breakout Targets $100


Article printed from InvestorPlace Media, http://investorplace.com/2014/02/trade-day-nextera-energy/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.