user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 435918 ORDER BY v.weight, t.weight, in /var/www/ on line 617.

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