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Spectra Energ Bullish Moving Average Crossover Alert (SE)

By Nick Russo

Spectra Energ (NYSE:SE) crossed over its 10-day moving average of $10.95 on a volume of 195K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Spectra Energ has traded in a range of $10.22 to $44.00 and is now at $11.09, 9% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Spectra Energ on October 20th, 2017 by issuing a Downtrend alert when the shares were trading at $15.50. Since that call, shares of Spectra Energ have fallen 30.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses spectra energ

Ticker(s): SE