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Wec Energy Group Bearish Moving Average Crossover Alert (WEC)

By David Diaz

Wec Energy Group (NYSE:WEC) shares have crossed bearishly below their 10-day moving average of $65.14 on a volume of 492K 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.

In the past 52 weeks, Wec Energy Group share prices have been bracketed by a low of $58.48 and a high of $70.09 and are now at $64.86, 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Wec Energy Group on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.45. Since that recommendation, shares of Wec Energy Group have risen 6.7%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wec energy group

Ticker(s): WEC