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Shares of Sempra Energy Rise to a New 52-Week High

By David Diaz

Shares of Sempra Energy (NYSE:SRE) traded at a new 52-week high today of $140.37. So far today approximately 80,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

Sempra Energy (NYSE:SRE) defies analysts with a current price ($140.37) 15.7% above its average consensus price target of $118.38. The stock should discover initial support at its 50-day moving average (MA) of $130.58 and subsequent support at its 200-day MA of $119.91.

Sempra Energy is an energy services holding company with operations throughout the United States, Mexico, and other countries in South America. The Company, through its subsidiaries, generates electricity, delivers natural gas, operates natural gas pipelines and storage facilities, and operates a wind power generation project.

In the past 52 weeks, shares of Sempra Energy have traded between a low of $104.88 and a high of $140.37 and are now at $140.37, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Sempra Energy on February 6th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.60. Since that recommendation, shares of Sempra Energy have risen 18.2%. We continue to monitor SRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Sempra Energy

Ticker(s): SRE