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SmarTrend Watching for Potential Pullback in Shares of Pub Serv Enterp After 1.11% Gain

By Nick Russo

Pub Serv Enterp (NYSE:PEG) traded in a range yesterday that spanned from a low of $58.53 to a high of $58.94. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $58.85 on volume of 443,000 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 its subscribers protect gains by selling shares of Pub Serv Enterp on November 12th, 2019 by issuing a Downtrend alert when the shares were trading at $60.68. Since that call, shares of Pub Serv Enterp have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Pub Serv Enterp share prices have moved between a 52-week high of $63.88 and a 52-week low of $49.97 and are now trading 18% above that low price at $58.83 per share. The 200-day and 50-day moving averages have moved 0.02% lower and 0.47% lower over the past week, respectively.

Keywords: rebounders pub serv enterp

Ticker(s): PEG