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

By Nick Russo

Sempra Energy (NYSE:SRE) shares have crossed bullishly above their 10-day moving average of $109.58 on a volume of 146K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Sempra Energy have traded between a low of $86.72 and a high of $110.40 and are now at $110.04, which is 27% above that low price. 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 recommended that subscribers consider buying shares of Sempra Energy on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.49. Since that recommendation, shares of Sempra Energy have risen 15.7%. 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