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Bullish Moving Average Cross by Pattern Ener (PEGI)

By James Quinn

Today, shares of Pattern Ener (NASDAQ:PEGI) have advanced above their 10-day MA of $18.97 on a volume of 160K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Pattern Ener share prices have moved between a 52-week high of $26.56 and a 52-week low of $16.58 and are now trading 15% above that low price at $19.08 per share. The 200-day and 50-day moving averages have moved 0.57% lower and 0.71% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Pattern Ener. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pattern Ener in search of a potential trend change.

Keywords: moving crosses pattern ener

Ticker(s): PEGI