After Yesterday's Rally of 1.41% Shares Could Potentially Pullback
Sempra Energy (NYSE:SRE) traded in a range yesterday that spanned from a low of $105.34 to a high of $107.09. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $105.41 on volume of 619,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Sempra Energy share prices have moved between a 52-week high of $108.83 and a 52-week low of $86.72 and are now trading 23% above that low price at $106.85 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of Sempra Energy on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $94.49. Since that recommendation, shares of Sempra Energy have risen 11.5%. We continue to monitor SRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders Sempra Energy