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TMCNet:  Next Support Level for Wisconsin Energy (WEC) is $36.50

[November 09, 2012]

Next Support Level for Wisconsin Energy (WEC) is $36.50

Nov 09, 2012 (SmarTrend(R) News Watch via COMTEX) -- Shares of Wisconsin Energy (NYSE:WEC) have bearishly opened below the pivot of $37.04 today and have reached the first support level of $36.68. Analysts will be watching for a cross of the next downside pivot targets of $36.50 and $35.96.


Potential upside of 3.4% exists for Wisconsin Energy, based on a current level of $36.45 and analysts' average consensus price target of $37.70. Wisconsin Energy shares should first meet resistance at the 200-day moving average (MA) of $37.19 and find additional resistance at the 50-day MA of $37.91.

Wisconsin Energy share prices have moved between a 52-week high of $41.48 and a 52-week low of $31.30 and are now trading 16% above that low price at $36.45 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Wisconsin Energy and will alert subscribers who have WEC in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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