Sempra Energy @ Year Highs

Published on Monday, 23 January 2012 13:34 Written by Danny Miller

New York, January 23rd (TradersHuddle.com) - Shares of Sempra Energy (NYSE:SRE) booked a new 52 week high today by trading above $56.5, traders are definitely monitoring Sempra Energy's price action to see if this move attracts further buying into the stock.

Sempra Energy (NYSE:SRE) is an energy services holding company with operations throughout the United States, Mexico, and other countries in South America. The Company, through its subsidiaries, generates electricity, delivers natural gas, operates natural gas pipelines and storage facilities, and operates a wind power generation project.

Sempra Energy is currently trading -0.55% versus its previous trading session close, and it has calculated support and resistance at $50.53 and $56.36 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.21% from its previous trading close, which means that Sempra Energy stock is underperforming the overall market.