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DTE Energy's Shares Changing Hands at Lower Prices on 1.3x Above-Average Volume (DTE)

Published on Fri, 03/01/2013 - 14:14
By Robert Cotter

Shares of DTE Energy are trading down 0.9% to $66.18 today on above average volume. About 830,000 shares have been traded today, as compared to the 30-day average volume of 625,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

DTE Energy share prices have moved between a 52-week high of $67.01 and a 52-week low of $53.59 and are now trading 23% above that low price at $66.18 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.6%.

DTE Energy (NYSE:DTE) is currently priced 2.0% above its average consensus analyst price target of $64.88. The stock should discover initial support at its 50-day moving average (MA) of $62.71 and subsequent support at its 200-day MA of $60.27.

DTE Energy Company, a diversified energy company, develops and manages energy-related businesses and services nationwide. The Company, through its subsidiaries, generates, purchases, transmits, distributes, and sells electric energy in southeastern Michigan. DTE is also involved in gas pipelines and storage, unconventional gas exploration, development, and production.

By Robert Cotter
rcotter@fnno.com

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