Next Support Level for Integrys Energy (TEG) is $53.56

Published on Mon, 01/07/2013 - 10:43
By Mallory Stone in Pivot alerts, TEG, integrys energy, nyse:teg, pivot alerts

Shares of Integrys Energy (NYSE:TEG) opened today below their pivot of $54.11 and have already reached the first level of support at $53.93. Should the shares continue to fall, the support pivots of $53.56 and $53.01 will be of interest.

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

Integrys Energy share prices have moved between a 52-week high of $61.92 and a 52-week low of $50.80 and are now trading 6% above that low price at $53.72 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Integrys Energy (NYSE:TEG) has potential upside of 4.2% based on a current price of $53.72 and analysts' consensus price target of $56.00. The stock should hit resistance at its 200-day moving average (MA) of $54.73, as well as support at its 50-day MA of $53.11.

By Mallory Stone
mstone@fnno.com

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