Spectra Energy Bearish Moving Average Crossover Alert (SE)
Today, shares of Spectra Energy (NYSE:SE) have fallen below their 10-day MA of $31.02 on a volume of 577K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Spectra Energy have traded between a low of $21.43 and a high of $38.04 and are now at $30.87, which is 44% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of Spectra Energy on January 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.99. Since that recommendation, shares of Spectra Energy have risen 25.2%. We continue to monitor SE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Spectra Energy