Integrys Energy's Shares Changing Hands at Lower Prices on 1.2x Above-Average Volume (TEG)

Published on Thu, 02/14/2013 - 14:17
By Peter Chu in Unusual volume, TEG, integrys energy, nyse:teg, unusual volume

Shares of Integrys Energy are trading today in above average volume, with the share price falling 0.3% to $55.82. About 332,000 shares have been traded today, as compared to the 30-day average volume of 271,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

Potential upside of 0.3% exists for Integrys Energy, based on a current level of $55.82 and analysts' average consensus price target of $56.00. The stock should discover initial support at its 200-day moving average (MA) of $54.99 and subsequent support at its 50-day MA of $54.01.

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 $50.89 and a high of $61.92 and are now at $55.82, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

By Peter Chu
pchu@fnno.com

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