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After Yesterday's Decline of 1.42%, Dte Energy Co Offers Investors Better Value

By Shiri Gupta

Dte Energy Co (NYSE:DTE) traded in a range yesterday that spanned from a low of $111.16 to a high of $112.78. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $112.23 on volume of 319,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Dte Energy Co on June 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $99.67. Since that recommendation, shares of Dte Energy Co have risen 14.1%. We continue to monitor DTE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Dte Energy Co share prices have been bracketed by a low of $94.25 and a high of $116.74 and are now at $112.21, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

Keywords: rebounders dte energy co

Ticker(s): DTE