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SmarTrend Watching for Potential Pullback in Shares of Public Service Enterprise Group After 1.11% Gain

By Amy Schwartz

Public Service Enterprise Group (NYSE:PEG) traded in a range yesterday that spanned from a low of $45.84 to a high of $46.50. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $46.02 on volume of 856,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Public Service Enterprise Group and will alert subscribers who have PEG in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Public Service Enterprise Group share prices have been bracketed by a low of $36.80 and a high of $47.41 and are now at $46.41, 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 advanced 0.5%.

Keywords: rebounders public service enterprise group

Ticker(s): PEG