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Watch for Ppl Corp to Potentially Rebound After Falling 2.15% Yesterday

By Amy Schwartz

Ppl Corp (NYSE:PPL) traded in a range yesterday that spanned from a low of $35.26 to a high of $36.41. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $36.09 on volume of 2.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ppl Corp has traded in a range of $28.55 to $36.83 and is now at $35.69, 25% 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 0.3%.

SmarTrend is tracking the current trend status for Ppl Corp and will alert subscribers who have PPL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ppl corp

Ticker(s): PPL