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Watch for Shares of Pub Serv Enterp (PEG) to Approach Resistance at $46.04

By Nick Russo

Shares of Pub Serv Enterp (NYSE:PEG) have bullishly opened above the pivot of $45.55 today and have reached the first resistance level of $45.82. Investors may be interested in a cross of the next upside pivot targets of $46.04 and $46.53.

Pub Serv Enterp (NYSE:PEG) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $47.03. The stock should run into initial resistance at its 200-day moving average (MA) of $41.74 and subsequent resistance at its 50-day MA of $45.52.

In the past 52 weeks, Pub Serv Enterp share prices have been bracketed by a current low of $0.00 and a high of $46.81 and are now at $0.00. The 200-day and 50-day moving averages have moved 0.24% higher and 0.51% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Pub Serv Enterp on July 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $43.87. Since that recommendation, shares of Pub Serv Enterp have risen 4.0%. We continue to monitor PEG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts pub serv enterp

Ticker(s): PEG