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Bearish Moving Average Cross by Pub Serv Enterp (PEG)

By Nick Russo

Pub Serv Enterp (NYSE:PEG) crossed under its 10-day moving average of $60.71 on a volume of 280K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Pub Serv Enterp share prices have moved between a 52-week high of $61.44 and a 52-week low of $49.23 and are now trading 23% above that low price at $60.59 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Pub Serv Enterp and will alert subscribers who have PEG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pub serv enterp

Ticker(s): PEG