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Spectra Energ Bullish Moving Average Crossover Alert (SE)

By Nick Russo

Spectra Energ (NYSE:SE) shares have crossed bullishly above their 10-day moving average of $31.41 on a volume of 866K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Spectra Energ share prices have moved between a 52-week high of $38.00 and a 52-week low of $10.52 and are now trading 204% above that low price at $32.00 per share. Over the past week, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Spectra Energ on August 21st, 2019 by issuing a Downtrend alert when the shares were trading at $32.64. Since that call, shares of Spectra Energ have fallen 4.5%. 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