Pengrowth Energy Corporation: New 52-Week Low Set Today (PGH)
Shares of Pengrowth Energy Corporation (NYSE:PGH) traded today at $4.70, breaking its 52-week low. So far today approximately 222,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Pengrowth Energy Corporation share prices have moved between a 52-week high of $11.17 and the current low of $4.70 and are currently at $4.70 per share. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 2.3%.
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.
Potential upside of 55.2% exists for Pengrowth Energy Corporation, based on a current level of $4.70 and analysts' average consensus price target of $7.30. The stock should find initial resistance at its 50-day moving average (MA) of $5.39 and further resistance at its 200-day MA of $6.93.
SmarTrend recommended that its subscribers protect gains by selling shares of Pengrowth Energy Corporation on October 3rd, 2012 by issuing a Downtrend alert when the shares were trading at $6.55. Since that call, shares of Pengrowth Energy Corporation have fallen 27.5%. 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