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Parsley Energy-A Rises 1.08% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Parsley Energy-A (NYSE:PE) traded in a range yesterday that spanned from a low of $32.19 to a high of $32.79. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $32.00 on volume of 2.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Parsley Energy-A on February 23rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.68. Since that recommendation, shares of Parsley Energy-A have risen 24.1%. We continue to monitor PE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Parsley Energy-A share prices have been bracketed by a low of $21.12 and a high of $39.82 and are now at $32.25, 53% above that low price. The 200-day and 50-day moving averages have moved 0.79% higher and 2.45% higher over the past week, respectively.

Keywords: rebounders parsley energy-a

Ticker(s): PE