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DTE Energy Crosses Below its 10-day MA (DTE)

By Nick Russo

Today, shares of DTE Energy (NYSE:DTE) have fallen below their 10-day MA of $98.64 on a volume of 143K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

DTE Energy share prices have moved between a 52-week high of $100.45 and a 52-week low of $73.23 and are now trading 34% above that low price at $97.80 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of DTE Energy on June 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $92.60. Since that recommendation, shares of DTE Energy have risen 6.9%. We continue to monitor DTE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses DTE Energy

Ticker(s): DTE