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Shares of Dte Energy Co Rise Above Previous 52-Week High

By Shiri Gupta

Dte Energy Co (NYSE:DTE) traded today at a new 52-week high of $131.87. Approximately 63,000 shares have changed hands today, as compared to an average 30-day volume of 729,000 shares.

Dte Energy Co (NYSE:DTE) defies analysts with a current price ($131.87) 18.1% above its average consensus price target of $108.00. The stock should discover initial support at its 50-day moving average (MA) of $126.44 and subsequent support at its 200-day MA of $118.92.

In the past 52 weeks, Dte Energy Co share prices have been bracketed by a low of $96.88 and a high of $131.87 and are now at $131.87, 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

DTE Energy Company, a diversified energy company, develops and manages energy-related businesses and services nationwide. The Company, through its subsidiaries, generates, purchases, transmits, distributes, and sells electric energy in southeastern Michigan. DTE is also involved in gas pipelines and storage, unconventional gas exploration, development, and production.

SmarTrend recommended that subscribers consider buying shares of Dte Energy Co on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $113.64. Since that recommendation, shares of Dte Energy Co have risen 15.8%. We continue to monitor DTE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows dte energy co

Ticker(s): DTE