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Bullish Moving Average Cross by Ppl Corp (PPL)

By David Diaz

Ppl Corp (NYSE:PPL) crossed over its 10-day moving average of $27.86 on a volume of 853K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ppl Corp share prices have been bracketed by a low of $27.12 and a high of $40.20 and are now at $28.11, 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Ppl Corp on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $29.72. Since that call, shares of Ppl Corp have fallen 6.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ppl corp

Ticker(s): PPL