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Wec Energy Group: The Winning Streak Continues (WEC)

By Amy Schwartz

Shares of Wec Energy Group (NYSE:WEC) traded today at $85.55, breaking its 52-week high. Approximately 122,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.

In the past 52 weeks, Wec Energy Group share prices have been bracketed by a low of $60.46 and a high of $85.55 and are now at $85.55, 41% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Wec Energy Group (NYSE:WEC) is currently priced 22.5% above its average consensus analyst price target of $66.30. The stock should discover initial support at its 50-day moving average (MA) of $79.89 and subsequent support at its 200-day MA of $73.83.

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 16.8%. 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