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Pengrowth Energy Corporation: New 52-Week Low Set Today (PGH)

By James Quinn

Shares of Pengrowth Energy Corporation (NYSE:PGH) traded at a new 52-week low today of $2.17. So far today approximately 747,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Pengrowth Energy Corporation has overhead space with shares priced $2.23, or 37.2% below the average consensus analyst price target of $3.54. The stock should find initial resistance at its 50-day moving average (MA) of $2.71 and further resistance at its 200-day MA of $3.23.

In the past 52 weeks, Pengrowth Energy Corporation share prices have been bracketed by a current low of $2.17 and a high of $6.85 and are now at $2.23. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 2.4%.

Pengrowth Energy Corp. is an oil and gas operating company. The Company has assets located across the Western Canadian Sedimentary Basin and offshore Nova Scotia. Pengrowth has business units in light oil, heavy oil, conventional gas, shallow and unconventional gas, offshore gas, and oil sands.

SmarTrend recommended that its subscribers protect gains by selling shares of Pengrowth Energy Corporation on May 27th, 2015 by issuing a Downtrend alert when the shares were trading at $2.73. Since that call, shares of Pengrowth Energy Corporation have fallen 19.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows pengrowth energy corporation

Ticker(s): PGH