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Recent 52-Week High Exceeded in Shares of Dte Energy Co (DTE)

By David Diaz

Shares of Dte Energy Co (NYSE:DTE) traded at a new 52-week high today of $126.45. This new high was reached on below average trading volume as 74,000 shares traded hands, while the average 30-day volume is approximately 834,000 shares.

DTE Energy Company, a diversified energy company, develops and manages energy-related businesses and services nationwide. The Company, through its subsidiaries, generates, purchases, transmits, distributes, and sells electric energy in southeastern Michigan. DTE is also involved in gas pipelines and storage, unconventional gas exploration, development, and production.

Dte Energy Co share prices have moved between a 52-week high of $126.45 and a 52-week low of $94.25 and are now trading 34% above that low price at $126.14 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

Based on a current price of $126.14, Dte Energy Co is currently 14.4% above its average consensus analyst price target of $108.00. Dte Energy Co shares have support at the 50-day moving average (MA) of $123.80 and additional support at the 200-day MA of $116.33.

SmarTrend recommended that subscribers consider buying shares of Dte Energy Co on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $113.64. Since that recommendation, shares of Dte Energy Co have risen 10.9%. We continue to monitor DTE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dte energy co

Ticker(s): DTE