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Wec Energy Group Rises 1.15% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Wec Energy Group (NYSE:WEC) traded in a range yesterday that spanned from a low of $94.23 to a high of $94.90. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $93.83 on volume of 288,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Wec Energy Group on December 17th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $90.89. Since that recommendation, shares of Wec Energy Group have risen 3.4%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Wec Energy Group have traded between a low of $67.80 and a high of $98.19 and are now at $94.97, which is 40% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders wec energy group

Ticker(s): WEC