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Sempra Energy Set to Possibly Pullback After Yesterday's Rally of 1.02%

By Shiri Gupta

Sempra Energy (NYSE:SRE) traded in a range yesterday that spanned from a low of $109.46 to a high of $110.68. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $109.92 on volume of 188,000 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 Sempra Energy have traded between a low of $86.72 and a high of $114.66 and are now at $110.49, which is 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Sempra Energy on November 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.71. Since that recommendation, shares of Sempra Energy have risen 8.4%. We continue to monitor SRE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Sempra Energy

Ticker(s): SRE