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Piedmont Natural Gas Bearish Moving Average Crossover Alert (PNY)

By Amy Schwartz

Today, shares of Piedmont Natural Gas (NYSE:PNY) have crossed bearishly below their 10-day moving average of $37.03 on a volume of 162K 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.

In the past 52 weeks, Piedmont Natural Gas share prices have been bracketed by a low of $33.38 and a high of $41.09 and are now at $36.88, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Piedmont Natural Gas and will alert subscribers who have PNY in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses piedmont natural gas

Ticker(s): PNY