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Shares of Wec Energy Group Rise to a New 52-Week High

By David Diaz

Wec Energy Group (NYSE:WEC) traded today at a new 52-week high of $86.78. Approximately 171,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Over the past year, Wec Energy Group has traded in a range of $63.27 to $86.78 and is now at $86.78, 37% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

Wec Energy Group (NYSE:WEC) is currently priced 23.6% above its average consensus analyst price target of $66.30. The stock should discover initial support at its 50-day moving average (MA) of $82.66 and subsequent support at its 200-day MA of $75.36.

WEC Energy Group, Inc. operates as an electric and natural gas delivery company. The Company manages electric and natural gas distribution and transmission lines, as well as power plants. WEC Energy Group serves customers in Wisconsin, Illinois, Michigan, and Minnesota.

SmarTrend recommended that subscribers consider buying shares of Wec Energy Group on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.73. Since that recommendation, shares of Wec Energy Group have risen 18.4%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wec energy group

Ticker(s): WEC