Spectra Energy Corp (SE) Boosts Basic Materials Sector with Early Advance of 3.03% on September 8

Spectra Energy Corp (SE) is one of the best performing stocks in the basic materials sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 8. Shares of SE have climbed 3.03% about 30 minutes into the session to $43.19 after closing the day prior at $41.92. It’s early, but the stock has traded as high as $43.31 and as low as $42.17 so far. Today's quick advance has come with about 939,503 shares changing hands, compared to an average 30-day volume of 6.31 million for Spectra Energy Corp. The price is currently below the 30-day volume weighted average price of $42.72 for SE. The share appreciation gives the company a market capitalization of $29.39 billion based upon 701.0 million shares outstanding. It also means that Spectra has a price-to-book ratio of 3.78:1 and a price-to-earnings ratio of 95.3:1. In the past 52 weeks, shares of SE have traded as low as $21.43 and as high as $42.33. Technical traders will take note that at $43.19, shares of SE are trading above their 200-day MA at $30.17 and above their 50-day MA at $36.22. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is Spectra? Spectra Energy Corp is a natural gas infrastructure company. The Company through its subsidiaries and equity affiliates owns and operates a portfolio of complementary natural gas-related energy assets. It also own and operate a crude oil pipeline system. The company’s 6000 employees are led by CEO Gregory L. Ebel from the corporate headquarters at 5400 Westheimer Court. For more information on Spectra and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today. All data provided by QuoteMedia, with stock data accurate as of 9:30 AM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information. About FinancialPress.com FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.