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Bullish Moving Average Cross by Spectra Energ (SE)

By Amy Schwartz

Today, shares of Spectra Energ (NYSE:SE) have crossed bullishly above their 10-day moving average of $13.46 on a volume of 712K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Spectra Energ has traded in a range of $10.06 to $17.19 and is now at $13.71, 36% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

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

Keywords: moving crosses spectra energ

Ticker(s): SE