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For today's chart we've chosen to take a look at Sempra Energy (NYSE: SRE) because it is trading near an interesting level of support. As you can see from the chart below, the ascending trendline has been able to prop up the price in the past and the recent move off the support is suggesting we could see the stock continue higher.

We've also added the Parabolic SAR indicator because today's rise has triggered a technical buy sign. Notice how the indicator suggested to go long each time the price neared the trendline (illustrated by the red circles). We'll keep a bullish outlook on this stock until the price falls below today's dot of $61.56.


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