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Upgrade Alert for Wisconsin Energy (WEC)

By Amy Schwartz

Wisconsin Energy (NYSE:WEC) was upgraded from Sell to Neutral at UBS today. The stock closed yesterday at $60.08 on volume of 2.3 million shares, above average daily volume of 1.8 million.

Wisconsin Energy Corporation is a diversified energy holding company. The Company, through its subsidiaries, provides utility services such as distributing electric, gas, steam, and water.

Wisconsin Energy (NYSE:WEC) is currently priced 13.2% above its average consensus analyst price target of $52.15. The stock should find initial support at its 50-day moving average (MA) of $58.27 and further support at its 200-day MA of $52.98.

In the past 52 weeks, Wisconsin Energy share prices have been bracketed by a low of $44.93 and a high of $60.51 and closed yesterday at $60.08, 34% above that low price. The 200-day and 50-day moving averages have moved 0.44% higher and 0.31% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Wisconsin Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wisconsin Energy in search of a potential trend change.

Keywords: analyst upgrades/downgrades wisconsin energy

Ticker(s): WEC