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After Yesterday's Rally of 1.27% Shares Could Potentially Pullback

By James Quinn

Wec Energy Group (NYSE:WEC) traded in a range yesterday that spanned from a low of $67.62 to a high of $68.56. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $68.16 on volume of 784,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Wec Energy Group have traded between a low of $58.48 and a high of $70.09 and are now at $68.40, which is 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Wec Energy Group on June 19th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $61.45. Since that recommendation, shares of Wec Energy Group have risen 10.0%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders wec energy group

Ticker(s): WEC