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Energy Transfer Equity Crosses Above its 10-day MA (ETE)

By David Diaz

Today, shares of Energy Transfer Equity (NYSE:ETE) have advanced above their 10-day MA of $12.27 on a volume of 6.3 million 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, Energy Transfer Equity has traded in a range of $4.00 to $35.44 and is now at $12.48, 212% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 5.3% while the 200-day MA has slid 2.2%.

SmarTrend recommended that subscribers consider buying shares of Energy Transfer Equity on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.47. Since that recommendation, shares of Energy Transfer Equity have risen 79.9%. We continue to monitor ETE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses energy transfer equity

Ticker(s): ETE