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After Yesterday's Decline of 1.03%, Wec Energy Group Offers Investors Better Value

By Amy Schwartz

Wec Energy Group (NYSE:WEC) traded in a range yesterday that spanned from a low of $67.72 to a high of $69.41. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $68.23 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Wec Energy Group has traded in a range of $58.48 to $70.22 and is now at $67.95, 16% above that low. The 200-day and 50-day moving averages have moved 0.07% higher and 0.28% higher over the past week, respectively.

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

Keywords: rebounders wec energy group

Ticker(s): WEC