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Wec Energy Group: 52-Week High Recently Eclipsed (WEC)

By Shiri Gupta

Shares of Wec Energy Group (NYSE:WEC) traded at a new 52-week high today of $81.52. So far today approximately 110,000 shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

In the past 52 weeks, Wec Energy Group share prices have been bracketed by a low of $58.48 and a high of $81.52 and are now at $81.33, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

Wec Energy Group (NYSE:WEC) defies analysts with a current price ($81.33) 18.5% above its average consensus price target of $66.30. Wec Energy Group shares have support at the 50-day moving average (MA) of $78.15 and additional support at the 200-day MA of $72.23.

WEC Energy Group, Inc. operates as an electric and natural gas delivery company. The Company manages electric and natural gas distribution and transmission lines, as well as power plants. WEC Energy Group serves customers in Wisconsin, Illinois, Michigan, and Minnesota.

SmarTrend recommended that subscribers consider buying shares of Wec Energy Group on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.73. Since that recommendation, shares of Wec Energy Group have risen 11.7%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wec energy group

Ticker(s): WEC