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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 fallen below their 10-day MA of $33.69 on a volume of 168K 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.

Over the past year, Piedmont Natural Gas has traded in a range of $31.56 to $35.53 and is now at $33.33, 6% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend is monitoring the recent change of momentum in Piedmont Natural Gas. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Piedmont Natural Gas in search of a potential trend change.

Keywords: moving crosses piedmont natural gas

Ticker(s): PNY