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El Paso Electric Breaks Above 200-Day Moving Average – Bullish for EE

In trading on Wednesday, shares of El Paso Electric Company (Symbol: EE) crossed above their 200 day moving average of $38.13, changing hands as high as $38.30 per share. El Paso Electric Company shares are currently trading up about 3.2% on the day. The chart below shows the one year performance of EE shares, versus its 200 day moving average: El Paso Electric Company 200 Day Moving Average Chart

Looking at the chart above, EE’s low point in its 52 week range is $33.88 per share, with $42.17 as the 52 week high point – that compares with a last trade of $38.20. According to the ETF Finder at ETF Channel, EE makes up 1.25% of the iShares Enhanced U.S. Small-Cap ETF (Symbol: IESM) which is trading up by about 0.6% on the day Wednesday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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El Paso Electric Breaks Above 200-Day Moving Average – Bullish for EE Reviewed by on . In trading on Wednesday, shares of El Paso Electric Company (Symbol: EE) crossed above their 200 day moving average of $38.13, changing hands as high as $38.30 In trading on Wednesday, shares of El Paso Electric Company (Symbol: EE) crossed above their 200 day moving average of $38.13, changing hands as high as $38.30 Rating:
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