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Integrys Energy (TEG) Approaches New Downside Target of $54.73

Published on Mon, 02/04/2013 - 13:48
By Adrienne Chilton

Shares of Integrys Energy (NYSE:TEG) have bearishly opened below the pivot of $55.30 today and have reached the first support level of $55.10. Should the shares continue to fall, the support pivots of $54.73 and $54.16 will be of interest.

There is potential upside of 1.6% for shares of Integrys Energy based on a current price of $55.10 and an average consensus analyst price target of $56.00. The stock should find initial support at its 200-day moving average (MA) of $54.89 and further support at its 50-day MA of $53.57.

In the past 52 weeks, shares of Integrys Energy have traded between a low of $50.89 and a high of $61.92 and are now at $55.10, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Integrys Energy Group, Inc. distributes electricity and natural gas to customers in the upper midwestern United States.

By Adrienne Chilton
achilton@fnno.com