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Energy Transfer Equity Bearish Moving Average Crossover Alert (ETE)

By James Quinn

Energy Transfer Equity (NYSE:ETE) shares have crossed bearishly below their 10-day moving average of $16.61 on a volume of 1.2 million 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, Energy Transfer Equity share prices have been bracketed by a low of $4.00 and a high of $35.44 and are now at $16.49, 312% above that low price. The 200-day and 50-day moving averages have moved 2.22% lower and 5.25% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Energy Transfer Equity. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Energy Transfer Equity in search of a potential trend change.

Keywords: moving crosses energy transfer equity

Ticker(s): ETE