"NextEra Energy is a beautiful chart with squeezes all over the place." Nate Bear, Lead Technical Tactician, Monument Traders Alliance Publisher's Note: Today we're showing you a unique way for getting exposure to companies like SpaceX. At 2 PM ET, CJ sits down with Matt Milner. Matt has direct exposure to more than 50 startups, including SpaceX. He'll show you how to get in before the IPO window opens. Click here to join us for FREE today before it's too late. – Stephen Prior Yesterday the SPY jumped 9 points — a clean 2% — after reports suggested the Iran conflict could be winding down. But the White House has kept traders guessing — most recently with talk of seizing control of Iran's oil fields. So instead of chasing headlines, I'm focusing on charts that are doing their own thing. One ticker I love right now is NextEra Energy (NEE). Let me show you why. Not just a Power Company Anymore NextEra Energy (NEE) is the largest electric utility in the United States. It has two core businesses. First, it has Florida Power & Light, the largest electric utility in the U.S. by customer count. It also has NextEra Energy Resources (NEER), the world's largest generator of wind and solar power. The second business is where the growth lives – energy projects under long-term contracts, plus a growing battery storage portfolio. In its most recent earnings, NEE posted adjusted EPS of $3.71, up 8% year over year. The company also raised its dividend for the 29th consecutive year and is targeting 10% dividend growth through 2026. But there's an even bigger catalyst – a 30 gigawatt project backlog. Every AI data center needs a lot of electricity, and NextEra signed multi-gigawatt clean energy deals with Google and Meta to power their AI data centers. The company also has 6 gigawatts worth of Small Modular Reactor co-location opportunities on top of that, including a plan to develop up to 10 gigawatts of new gas-fired power generation in Texas and Pennsylvania. So NEE isn't just a power utility anymore. It is the energy infrastructure company that the AI buildout runs through. The Technical Setup is Beautiful According to my S.A.M. Scanner, NEE's chart has multiple stacked squeezes on the daily and 195-minute chart, and is sitting just under the all-time highs. Those red dots signal the squeeze. In practical terms, the red dots mean we have a compression in price. Think of a squeeze like a long distance runner. Let's say a long-distance runner wants to run from Florida to California. They're not going to run from Florida to California in one shot. They're going to stop and take a break. It's the same with stocks. A stock chart doesn't go up in a straight line. It goes in steps. A move higher, then sideways. Another move higher, and then sideways again. When I have the red dots like here with NEE, I know the stock is ready to go along on the next step of its journey. |
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