user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed 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 = 482522 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Watch for Shares of Integrys Energy (TEG) to Approach Resistance at $60.11

Published on Fri, 04/19/2013 - 09:44
By Robert Cotter

Shares of Integrys Energy (NYSE:TEG) have bullishly opened above the pivot of $59.50 today and have reached the first resistance level of $59.79. Should the shares continue to rise, the resistance pivots of $60.11 and $60.72 will be of interest.

Integrys Energy (NYSE:TEG) defies analysts with a current price ($59.84) 4.7% above its average consensus price target of $57.00. The stock should find initial support at its 50-day moving average (MA) of $57.21 and further support at its 200-day MA of $55.56.

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

In the past 52 weeks, Integrys Energy share prices have been bracketed by a low of $51.14 and a high of $61.92 and are now at $59.84, 17% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Macquarie Made the Right Call, Deere 2.6...

One week ago Deere (NYSE:DE) was downgraded from Neutral to Underperform at Macquarie. ...

Analyst Rating In Review: AGCO Sold Off ...

AGCO was downgraded from Neutral to Underperform by Macquarie one week ago. The shares ...

PG&E In Retrospect: Shares Up 0.6% Since...

A week ago, Argus Research downgraded PG&E from Buy to Hold. PG&E shares are selling a ...

Cabot Oil & Gas In Retrospect: Shares Do...

A week ago, Deutsche Bank downgraded Cabot Oil & Gas from Buy to Hold. Cabot Oil & Gas ...

Analyst Rating Flashback: AK Steel Holdi...

One week ago AK Steel Holding (NYSE:AKS) was upgraded from Sell to Neutral at UBS. The ...

Analyst Rating In Review: Edison Interna...

A week ago, BMO Capital upgraded Edison International from Market Perform to Outperform ...

Analyst Rating Flashback: DCT Industrial...

One week ago DCT Industrial Trust (NYSE:DCT) was downgraded from Outperform to Market P ...

AK Steel Holding Up 6.1% Since UBS Upgra...

A week ago, UBS upgraded AK Steel Holding from Sell to Neutral. AK Steel Holding share ...