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Wec Energy Group Crosses Above its 10-day MA (WEC)

By Shiri Gupta

Wec Energy Group (NYSE:WEC) shares have crossed bullishly above their 10-day moving average of $86.26 on a volume of 251K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Wec Energy Group have traded between a low of $68.01 and a high of $109.53 and are now at $89.00, which is 31% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1%.

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

Keywords: moving crosses wec energy group

Ticker(s): WEC