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Wisconsin Energy Crosses Below its 10-day MA (WEC)

By Amy Schwartz

Wisconsin Energy (NYSE:WEC) crossed under its 10-day moving average of $61.74 on a volume of 407K shares. This may provide swing traders with 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 Wisconsin Energy have traded between a low of $44.93 and a high of $66.10 and are now at $61.41, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.31% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Wisconsin Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wisconsin Energy in search of a potential trend change.

Keywords: moving crosses wisconsin energy

Ticker(s): WEC