Elevated Shares Ahead of the Spinoff

Entergy (ETR) just popped above its 200-day moving average even though the company recently shared some bad news: A serious industrial accident occurred at one of its nuclear power plants last Sunday, involving one employee death and three injuries. While the stock halted its climb the next trading day, it resumed rising two sessions later.

The market was wiser than many would expect. It figured out early on that there was no need to panic -- that the issues at the Arkansas Nuclear One (ANO) plant were contained and that Entergy was managing their problem. It turns out that the market was right, because the accident was not nuclear-related, having occurred in a building that's physically isolated from the nuclear reactor....490 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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