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Sempra Energy Crosses Above its 10-day MA (SRE)

By James Quinn

Today, shares of Sempra Energy (NYSE:SRE) have crossed bullishly above their 10-day moving average of $111.72 on a volume of 105K 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.

Over the past year, Sempra Energy has traded in a range of $92.95 to $117.97 and is now at $111.92, 20% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Sempra Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sempra Energy in search of a potential trend change.

Keywords: moving crosses Sempra Energy

Ticker(s): SRE