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Pub Serv Enterp Rises 1.14% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Pub Serv Enterp (NYSE:PEG) traded in a range yesterday that spanned from a low of $50.01 to a high of $50.61. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $50.41 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pub Serv Enterp has traded in a range of $39.28 to $53.28 and is now at $50.45, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Pub Serv Enterp and will alert subscribers who have PEG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders pub serv enterp

Ticker(s): PEG