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Spectra Energy Crosses Below its 10-day MA (SE)

By David Diaz

Spectra Energy (NYSE:SE) crossed under its 10-day moving average of $31.00 on a volume of 512K shares. This may provide short-term investors a chance 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 $37.73 and is now at $30.45, 42% above that low. 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 25.6%. 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