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Energy In Retrospect: Shares Down 1.4% Since Downgraded One Week Ago (EGAS)

By Nick Russo

Energy was downgraded from Hold to Sell by Wunderlich one week ago. Energy stocks closed at $12.40, a 1.4% loss over the course of one week.

Energy (NASDAQ:EGAS) defies analysts with a current price ($12.40) 7.3% above its average consensus price target of $11.50. Energy shares have support at the 200-day moving average (MA) of $8.38 and additional support at the 50-day MA of $7.70.

SmarTrend recommended that subscribers consider buying shares of Energy on September 15th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $7.73. Since that recommendation, shares of Energy have risen 59.9%. We continue to monitor EGAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst reflections Energy

Ticker(s): EGAS