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Shares of Pub Serv Enterp Rise to a New 52-Week High

By Nick Russo

Pub Serv Enterp (NYSE:PEG) traded today at a new 52-week high of $62.09. This new high was reached on below average trading volume as 203,000 shares traded hands, while the average 30-day volume is approximately 2.3 million shares.

Public Service Enterprise Group Incorporated, through its subsidiaries, operates as an energy company primarily in the Northeastern and Mid- Atlantic United States. It operates through two segments, PSE&G and Power.

In the past 52 weeks, Pub Serv Enterp share prices have been bracketed by a low of $49.23 and a high of $62.09 and are now at $62.09, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Pub Serv Enterp (NYSE:PEG) defies analysts with a current price ($62.09) 12.8% above its average consensus price target of $54.14. The stock should discover initial support at its 50-day moving average (MA) of $59.08 and subsequent support at its 200-day MA of $57.54.

SmarTrend recommended that subscribers consider buying shares of Pub Serv Enterp on August 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.11. Since that recommendation, shares of Pub Serv Enterp have risen 6.5%. We continue to monitor PEG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pub serv enterp

Ticker(s): PEG