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Pampa Energia Crosses Below its 10-day MA (PAM)

By David Diaz

Pampa Energia (NYSE:PAM) crossed under its 10-day moving average of $62.76 on a volume of 881K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Pampa Energia share prices have moved between a 52-week high of $65.51 and a 52-week low of $12.51 and are now trading 374% above that low price at $59.32 per share. The 200-day and 50-day moving averages have moved 0.41% higher and 0.51% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Pampa Energia on May 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.78. Since that recommendation, shares of Pampa Energia have risen 8.5%. We continue to monitor PAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pampa energia

Ticker(s): PAM