Integrys Energy (NYSE:TEG) crossed over its 10-day moving average of $52.89 on a volume of 109K shares. Swing traders may find 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 Integrys Energy have traded between a low of $50.80 and a high of $61.92 and are now at $53.03, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.
Integrys Energy Group, Inc. distributes electricity and natural gas to customers in the upper midwestern United States.
There is potential upside of 5.6% for shares of Integrys Energy based on a current price of $53.03 and an average consensus analyst price target of $56.00. The stock should run into initial resistance at its 50-day moving average (MA) of $53.21 and subsequent resistance at its 200-day MA of $54.72.
