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Sempra Energy Bullish Moving Average Crossover Alert (SRE)

By Shiri Gupta

Today, shares of Sempra Energy (NYSE:SRE) have advanced above their 10-day MA of $112.16 on a volume of 213K 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.

Sempra Energy share prices have moved between a 52-week high of $114.66 and a 52-week low of $86.72 and are now trading 30% above that low price at $112.87 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Sempra Energy on November 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.71. Since that recommendation, shares of Sempra Energy have risen 10.7%. We continue to monitor SRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Sempra Energy

Ticker(s): SRE