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Watch for Shares of Ppl Corp (PPL) to Approach Support at $26.60

By James Quinn

Shares of Ppl Corp (NYSE:PPL) opened today below their pivot of $27.08 and have already reached the first level of support at $26.81. Analysts will be watching for a cross of the next downside pivot targets of $26.60 and $26.13.

There is potential upside of 17.0% for shares of Ppl Corp based on a current price of $26.95 and an average consensus analyst price target of $31.55. The stock should run into initial resistance at its 200-day moving average (MA) of $34.17 and subsequent resistance at its 50-day MA of $36.95.

In the past 52 weeks, shares of Ppl Corp have traded between a low of $26.88 and a high of $40.20 and are now at $26.95, which is 0% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.4%.

SmarTrend is monitoring the recent change of momentum in Ppl Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ppl Corp in search of a potential trend change.

Keywords: pivot alerts ppl corp

Ticker(s): PPL