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Sempra Energy Rises 1.70% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Sempra Energy (NYSE:SRE) traded in a range yesterday that spanned from a low of $151.78 to a high of $152.73. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $151.80 on volume of 237,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Sempra Energy and will alert subscribers who have SRE in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Sempra Energy has traded in a range of $111.01 to $154.47 and is now at $153.56, 38% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

Keywords: rebounders Sempra Energy

Ticker(s): SRE