[May 24, 2012] Downgrade Alert for Wisconsin Energy (WEC) Tweet May 24, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Wisconsin Energy (NYSE:WEC) was downgraded from Buy to Neutral at UBS today. The stock closed yesterday at $37.04 on volume of 1.5 million shares, above average daily volume of 1.3 million. In the past 52 weeks, shares of Wisconsin Energy have traded between a low of $27.00 and a high of $37.45 and closed yesterday at $37.04, which is 37% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.32% higher over the past week, respectively. Wisconsin Energy Corporation is a diversified energy holding company. The Company, through its subsidiaries, provides utility services such as distributing electric, gas, steam, and water. There is potential upside of 1.2% for shares of Wisconsin Energy based on a current price of $37.04 and an average consensus analyst price target of $37.50. Wisconsin Energy shares have support at the 50-day moving average (MA) of $35.76 and additional support at the 200-day MA of $33.54. SmarTrend recommended that subscribers consider buying shares of Wisconsin Energy on August 12th, 2011 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $29.98. Since that recommendation, shares of Wisconsin Energy have risen 23.5%. We continue to monitor WEC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]