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Downtrend Call Working As Mge Energy Inc Stock Falls 2.3% (MGEE)

Nov 09, 2019 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Mge Energy Inc (NASDAQ:MGEE) on October 23rd, 2019 at $74.94. In approximately 2 weeks, Mge Energy Inc has returned 2.28% as of today's recent price of $73.23.

Mge Energy Inc share prices have moved between a 52-week high of $80.51 and a 52-week low of $51.05 and are now trading 43% above that low price at $73.23 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has declined 0.2%.

MGE Energy, Inc. is a public utility holding company. The Company's principal subsidiary generates and distributes electricity to customers in Dane County, Wisconsin. MGE also purchases, transports, and distributes natural gas in several Wisconsin counties.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mge Energy Inc.

Log in and add Mge Energy Inc (MGEE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to SmarTrend at cs@mysmartrend.com

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