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

By Shiri Gupta

Sempra Energy (NYSE:SRE) shares have crossed bearishly below their 10-day moving average of $115.14 on a volume of 173K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $117.97 and are now at $114.47, which is 32% above that low price. Over the past week, 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 14.7%. 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