Penn West Energy Trust: The Losing Streak Continues (PWE)
Penn West Energy Trust (NYSE:PWE) traded at a new 52-week low today of $10.02. Approximately 234,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.
Penn West Energy Trust has overhead space with shares priced $10.09, or 19.8% below the average consensus analyst price target of $12.58. The stock should find initial resistance at its 50-day moving average (MA) of $10.90 and further resistance at its 200-day MA of $13.18.
Penn West Energy Trust share prices have moved between a 52-week high of $22.37 and the current low of $10.02 and are currently at $10.09 per share. The 200-day and 50-day moving averages have moved 1.29% lower and 0.28% lower over the past week, respectively.
Penn West Energy Trust is a conventional oil and natural gas producing income trust . The Company is also involved with exploration, development, and operating activities focused in western Canada.
SmarTrend is tracking the current trend status for Penn West Energy Trust and will alert subscribers who have PWE in their portfolio or watchlist when shares have changed trend direction.
Keywords: 52 week high/lows penn west energy trust