E.On (OTCMKTS:ENAKF) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

E.On Se (OTCMKTS:ENAKF) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.95 and traded as high as $22.28. E.On shares last traded at $20.16, with a volume of 1,083 shares traded.

E.On Trading Down 11.1%

The company’s fifty day simple moving average is $19.30 and its 200 day simple moving average is $18.95.

About E.On

E.ON SE is a Germany‐based energy company that operates one of Europe’s largest electricity and gas networks. The company’s core activities focus on the safe and reliable transport, distribution and storage of energy, serving as a critical infrastructure provider for households, businesses and public institutions. Through its network segment, E.ON manages high‐ and low‐voltage grids, supports smart‐metering rollouts and delivers grid‐stability services, while its customer solutions division offers energy supply, efficiency and digital solutions tailored to end‐users.

In its renewable generation business, E.ON invests in wind and solar assets, energy storage and district heat networks, supporting the transition to a lower-carbon economy.