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SmarTrend Watching for Potential Pullback in Shares of Sempra Energy After 1.39% Gain

By James Quinn

Sempra Energy (NYSE:SRE) traded in a range yesterday that spanned from a low of $111.03 to a high of $113.11. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $110.94 on volume of 630,000 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 $122.97 and a 52-week low of $92.95 and are now trading 21% above that low price at $112.15 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 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