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Wec Energy Group Bearish Moving Average Crossover Alert (WEC)

By Amy Schwartz

Wec Energy Group (NYSE:WEC) shares have crossed bearishly below their 10-day moving average of $68.67 on a volume of 217K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Wec Energy Group have traded between a low of $58.48 and a high of $70.09 and are now at $68.10, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.49% higher over the past week, respectively.

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 12.4%. 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