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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 $16.02 on a volume of 827K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher 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 $16.13, 303% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has advanced 5.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Energy Transfer Equity on September 16th, 2016 by issuing a Downtrend alert when the shares were trading at $16.27. Since that call, shares of Energy Transfer Equity have fallen 3.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses energy transfer equity

Ticker(s): ETE