Bearish Moving Average Cross by Wisconsin Energy (WEC)
Wisconsin Energy (NYSE:WEC) crossed under its 10-day moving average of $64.84 on a volume of 320K 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.
Over the past year, Wisconsin Energy has traded in a range of $44.93 to $66.10 and is now at $64.19, 43% above that low. 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 recommended that subscribers consider buying shares of Wisconsin Energy on May 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.71. Since that recommendation, shares of Wisconsin Energy have risen 8.9%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses wisconsin energy