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4-Traders Homepage  >  Equities  >  Nyse  >  Spectra Energy Corp.    SE

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Analysis summary4-Traders Strategies

A downturn could occure

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02/21/2013 | 03:46pm

The share is meeting an important level. We suggest caution because this point could stop the bullish trend.

The fundamentals remain very fragile. The security seems highly overvalued compared to other securities in its sector.

Graphically, the share is in a period of technical rebound that allowed it to reach the USD 29.8 short-term resistance. This area could trigger a sell signal for investors in case of profit-taking. Furthermore, the rallying of the USD 28.3 support area will be considered for upcoming sessions.

The upside seems limited as shown by fundamentals and technical configuration. In contact with the USD 29.8 resistance, a movement of consolidation could return the stock towards the USD 28.3 support. As a result, the most aggressive investors could take a short at the current price, but they need to set a stop loss above this resistance, because the crossing of this level would invalidate our scenario.


© Zonebourse.com 2013
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Chart SPECTRA ENERGY CORP.
Duration : Period : Day
Spectra Energy Corp. Technical Analysis Chart | SE | US8475601097 | 4-Traders
Duration : Period : Week
Spectra Energy Corp. Technical Analysis Chart | SE | US8475601097 | 4-Traders