NextEra Energy: Premiere Utility Play

Filed under: Stocks to Buy

If you didn't as outlined in October, now would be a good time to consider taking some profits off the table with utility NextEra Energy (NEE), formerly called FPL Group, and first discussed here at a price of $43.30 on March 3, 2009.



However, those investors who tolerate the risk can maintain their full position to go for an even larger gain, but keep in mind the journey to $65 and beyond probably will not be completed in 2011.



NextEra arced toward $56 in mid-2010, then corrected about 10% lower, before reversing, to currently trade at/near $54. However, a double-top is a near-term concern, hence the take-some-profits view.

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NextEra Energy: Premiere Utility Play originally appeared on BloggingStocks on Wed, 26 Jan 2011 17:00:00 EST. Please see our terms for use of feeds.

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