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Sempra Energy Set to Possibly Pullback After Yesterday's Rally of 1.70%

By James Quinn

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.

Sempra Energy share prices have moved between a 52-week high of $154.47 and a 52-week low of $111.01 and are now trading 38% above that low price at $153.56 per share. The 200-day and 50-day moving averages have moved 0.27% higher and 0.34% higher over the past week, respectively.

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.

Keywords: rebounders Sempra Energy

Ticker(s): SRE