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Spectra Energy Bearish Moving Average Crossover Alert (SE)

By Nick Russo

Spectra Energy (NYSE:SE) shares have crossed bearishly below their 10-day moving average of $42.03 on a volume of 603K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Spectra Energy has traded in a range of $21.43 to $44.00 and is now at $41.88, 95% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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 69.3%. 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

Ticker(s): SE