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Bullish Moving Average Cross by Pinnacle Enterta (PNK)

By James Quinn

Today, shares of Pinnacle Enterta (NYSE:PNK) have advanced above their 10-day MA of $19.32 on a volume of 135K 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.

In the past 52 weeks, Pinnacle Enterta share prices have been bracketed by a low of $10.41 and a high of $22.10 and are now at $19.50, 87% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.1% while the 200-day MA has slid 1.7%.

SmarTrend is tracking the current trend status for Pinnacle Enterta and will alert subscribers who have PNK in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pinnacle enterta

Ticker(s): PNK