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Look for Shares of Wec Energy Group to Potentially Pullback after Yesterday's 1.54% Rise

By Amy Schwartz

Wec Energy Group (NYSE:WEC) traded in a range yesterday that spanned from a low of $89.22 to a high of $90.39. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $90.27 on volume of 524,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Wec Energy Group share prices have moved between a 52-week high of $90.27 and a 52-week low of $64.96 and are now trading 39% above that low price at $90.17 per share. The 200-day and 50-day moving averages have moved 0.37% higher and 0.59% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Wec Energy Group on February 1st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.73. Since that recommendation, shares of Wec Energy Group have risen 22.2%. 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