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Spectra Energy Bullish Moving Average Crossover Alert (SE)

By Shiri Gupta

Today, shares of Spectra Energy (NYSE:SE) have crossed bullishly above their 10-day moving average of $31.09 on a volume of 499K 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.

In the past 52 weeks, shares of Spectra Energy have traded between a low of $21.43 and a high of $37.73 and are now at $31.42, which is 47% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.55% higher over the past week, respectively.

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 23.9%. 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