For those who do not know the Comppany, Wisconsin Energy Corporation(WEC), through its subsidiaries, provides electric and natural gas service to customers in Wisconsin and Michigan. It operates in two segments, Utility Energy and Nonutility Energy.
At the daily level, the breakout of a bullish triangle has been successful. Should you decide to enter a long trade, I would await a pullback toward support, as risk is too high at this level. MACD is also printing a divergence and prices look over extended.
At the weekly level, see how the uptrend has been impressive during the past 5 years. My idea is that this stock should be accumulated on weakness.
The WEC DRIP works well - small dollar investments and no fees to buy. I see people writing that the stock is too high. I disagree. Keep accumulating shares in steady increments. Once the stock splits, potential for new investors to enter the stock.