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Wisconsin Energy Bearish Moving Average Crossover Alert (WEC)

By Amy Schwartz

Wisconsin Energy (NYSE:WEC) shares have crossed bearishly below their 10-day moving average of $62.90 on a volume of 282K 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.

Wisconsin Energy share prices have moved between a 52-week high of $66.10 and a 52-week low of $44.93 and are now trading 40% above that low price at $62.71 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

SmarTrend recommended that subscribers consider buying shares of Wisconsin Energy on February 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.54. Since that recommendation, shares of Wisconsin Energy have risen 6.4%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wisconsin energy

Ticker(s): WEC