After Yesterday's Rally of 1.12% Shares Could Potentially Pullback
Wisconsin Energy (NYSE:WEC) traded in a range yesterday that spanned from a low of $64.04 to a high of $64.90. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $64.81 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Wisconsin Energy on May 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $59.71. Since that recommendation, shares of Wisconsin Energy have risen 7.4%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Wisconsin Energy have traded between a low of $44.93 and a high of $64.81 and are now at $64.64, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.4%.
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