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SmarTrend Watching for Potential Rebound in Shares of Pub Serv Enterp After 1.37% Loss

By Amy Schwartz

Pub Serv Enterp (NYSE:PEG) traded in a range yesterday that spanned from a low of $60.94 to a high of $61.34. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $61.15 on volume of 73,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Pub Serv Enterp share prices have moved between a 52-week high of $63.88 and a 52-week low of $49.23 and are now trading 24% above that low price at $61.00 per share. The 200-day and 50-day moving averages have moved 0.31% higher and 0.35% higher over the past week, respectively.

Keywords: rebounders pub serv enterp

Ticker(s): PEG