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Shares of Pampa Energia Rise Above Previous 52-Week High

By Shiri Gupta

Shares of Pampa Energia (NYSE:PAM) traded today at $34.40, breaking its 52-week high. So far today approximately 253,000 shares have been exchanged, as compared to an average 30-day volume of 362,000 shares.

Pampa Energia (NYSE:PAM) defies analysts with a current price ($34.12) 25.9% above its average consensus price target of $25.27. The stock should find initial support at its 50-day moving average (MA) of $20.95 and further support at its 200-day MA of $19.72.

Pampa Energia SA generates, transmits, and distributes electricity. The Company also offers investment management and consulting services.

Over the past year, Pampa Energia has traded in a range of $12.51 to $34.40 and is now at $34.12, 173% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has declined 0.5%.

SmarTrend recommended that subscribers consider buying shares of Pampa Energia on September 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.82. Since that recommendation, shares of Pampa Energia have risen 18.3%. We continue to monitor PAM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pampa energia

Ticker(s): PAM