• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Ppl Corp (NYSE:PPL)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ppl Corp (NYSE:PPL) based on the price action in the company's shares. Today's price range of $31.35 and $31.35 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Ppl Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

PPL Corporation, a utility holding company, delivers electricity and natural gas in the United States and the United Kingdom. The company operates through three segments: U.K. Regulated, Kentucky Regulated, and Pennsylvania Regulated.

Ppl Corp (NYSE:PPL) has potential upside of 0.6% based on a current price of $31.35 and analysts' consensus price target of $31.55. The stock should discover initial support at its 50-day moving average (MA) of $30.99 and subsequent support at its 200-day MA of $30.63.

Over the past year, Ppl Corp has traded in a range of $25.30 to $32.88 and is now at $31.35, 24% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.4%.

SmarTrend is tracking the current trend status for Ppl Corp and will alert subscribers who have PPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle ppl corp

Ticker(s): PPL