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Bearish Moving Average Cross by Spectra Energ (SE)

By Nick Russo

Today, shares of Spectra Energ (NYSE:SE) have crossed bearishly below their 10-day moving average of $15.85 on a volume of 1.7 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Spectra Energ have traded between a low of $10.06 and a high of $17.19 and are now at $15.52, which is 54% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.5% while the 200-day MA has slid 2%.

SmarTrend recommended that subscribers consider buying shares of Spectra Energ on May 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.52. Since that recommendation, shares of Spectra Energ have risen 21.3%. We continue to monitor SE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses spectra energ

Ticker(s): SE