PPL Bearish Moving Average Crossover Alert (PPL)
Today, shares of PPL (NYSE:PPL) have crossed bearishly below their 10-day moving average of $39.11 on a volume of 4.0 million 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, shares of PPL have traded between a low of $29.18 and a high of $39.92 and are now at $38.35, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.
SmarTrend recommended that subscribers consider buying shares of PPL on September 25th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.80. Since that recommendation, shares of PPL have risen 24.0%. We continue to monitor PPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses