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Watch for Sempra Energy to Potentially Rebound After Falling 1.73% Yesterday

By Amy Schwartz

Sempra Energy (NYSE:SRE) traded in a range yesterday that spanned from a low of $120.66 to a high of $122.03. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $122.39 on volume of 452,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Sempra Energy share prices have been bracketed by a low of $88.00 and a high of $161.87 and are now at $120.11, 36% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 1.59% lower over the past week, respectively.

Keywords: rebounders Sempra Energy

Ticker(s): SRE