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Bearish Moving Average Cross by Wisconsin Energy (WEC)

By James Quinn

Today, shares of Wisconsin Energy (NYSE:WEC) have crossed bearishly below their 10-day moving average of $60.39 on a volume of 376K 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 Wisconsin Energy have traded between a low of $44.93 and a high of $66.10 and are now at $60.08, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Wisconsin Energy and will alert subscribers who have WEC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses wisconsin energy

Ticker(s): WEC