• Return to Headlines

Watch for Wec Energy Group to Potentially Pullback After Gaining 1.54% Yesterday

By James Quinn

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.

In the past 52 weeks, shares of Wec Energy Group have traded between a low of $64.96 and a high of $90.27 and are now at $90.17, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

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