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Look for Shares of Sempra Energy to Potentially Rebound after Yesterday's 2.93% Sell Off

By James Quinn

Sempra Energy (NYSE:SRE) traded in a range yesterday that spanned from a low of $119.01 to a high of $122.05. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $126.22 on volume of 663,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Sempra Energy share prices have moved between a 52-week high of $161.87 and a 52-week low of $88.00 and are now trading 36% above that low price at $119.91 per share. The 200-day and 50-day moving averages have moved 0.16% lower and 2.01% lower 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