• Return to Headlines

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

By Amy Schwartz

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 $30.50 and $30.59 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.

In the past 52 weeks, Ppl Corp share prices have been bracketed by a low of $27.31 and a high of $32.88 and are now at $30.50, 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Ppl Corp has overhead space with shares priced $30.50, or 3.3% below the average consensus analyst price target of $31.55. Ppl Corp shares should first meet resistance at the 50-day moving average (MA) of $30.73 and find additional resistance at the 200-day MA of $30.81.

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.

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