NRG Energy could breakout its USD 28.2 resistance.

From a fundamental viewpoint, the company is strong. The Thomson Reuters consensus regularly revised upward EPS estimates of the company for the current year (From $0 to $1.21 in one year).

Technically, the security shows a bullish configuration on all time scales. Prices are supported by increasing moving averages. In weekly data, the 20-week moving average helps the stock to keep its uptrend. The breakout of USD 28.2 resistance will give an important buying signal in daily and weekly data.

According to both technical and fundamental elements, it seems opportune to take a long position above USD 28.2. The bullish trend should allow the security to reach USD 30. A stop loss will be placed under the USD 27.6 pivot point to avoid a downtrend.