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Recent 52-Week High Exceeded in Shares of Sempra Energy (SRE)

By James Quinn

Sempra Energy (NYSE:SRE) traded today at a new 52-week high of $137.48. This new high was reached on below average trading volume as 83,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.

Sempra Energy is an energy services holding company with operations throughout the United States, Mexico, and other countries in South America. The Company, through its subsidiaries, generates electricity, delivers natural gas, operates natural gas pipelines and storage facilities, and operates a wind power generation project.

Sempra Energy share prices have moved between a 52-week high of $137.48 and a 52-week low of $104.88 and are now trading 31% above that low price at $137.48 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

Sempra Energy (NYSE:SRE) is currently priced 13.9% above its average consensus analyst price target of $118.38. The stock should discover initial support at its 50-day moving average (MA) of $129.74 and subsequent support at its 200-day MA of $119.48.

SmarTrend recommended that subscribers consider buying shares of Sempra Energy on February 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.60. Since that recommendation, shares of Sempra Energy have risen 16.4%. We continue to monitor SRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Sempra Energy

Ticker(s): SRE