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Next Resistance Level for Ppl Corp (PPL) is $31.46

By James Quinn

Shares of Ppl Corp (NYSE:PPL) opened today above their pivot of $31.13 and have already reached the first level of resistance at $31.29. Should the shares continue to rise, the resistance pivots of $31.46 and $31.79 will be of interest.

Potential upside of 1.1% exists for Ppl Corp, based on a current level of $31.19 and analysts' average consensus price target of $31.55. The stock should find initial support at its 50-day moving average (MA) of $30.91 and further support at its 200-day MA of $30.66.

In the past 52 weeks, Ppl Corp share prices have been bracketed by a low of $25.50 and a high of $32.88 and are now at $31.19, 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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: pivot alerts ppl corp

Ticker(s): PPL