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Watch for Ppl Corp to Potentially Pullback After Gaining 1.18% Yesterday

By Shiri Gupta

Ppl Corp (NYSE:PPL) traded in a range yesterday that spanned from a low of $31.28 to a high of $31.90. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $31.58 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ppl Corp share prices have moved between a 52-week high of $37.35 and a 52-week low of $25.30 and are now trading 26% above that low price at $31.76 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Ppl Corp on October 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $30.49. Since that recommendation, shares of Ppl Corp have risen 3.2%. We continue to monitor PPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ppl corp

Ticker(s): PPL