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Public Service Enterprise Group Crosses Below its 10-day MA (PEG)

By Nick Russo

Today, shares of Public Service Enterprise Group (NYSE:PEG) have crossed bearishly below their 10-day moving average of $43.80 on a volume of 454K 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, Public Service Enterprise Group share prices have been bracketed by a low of $36.80 and a high of $47.41 and are now at $43.65, 19% above that low price. The 200-day and 50-day moving averages have moved 0.24% higher and 0.51% higher over the past week, respectively.

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

Keywords: moving crosses public service enterprise group

Ticker(s): PEG