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Pattern Ener Shares Down 26.3% Since SmarTrend's Sell Call (PEGI)

By Amy Schwartz

SmarTrend identified a Downtrend for Pattern Ener (NASDAQ:PEGI) on September 29th, 2017 at $24.58. In approximately 8 months, Pattern Ener has returned 26.27% as of today's recent price of $18.12.

Pattern Ener share prices have moved between a 52-week high of $26.56 and a 52-week low of $16.58 and are now trading 9% above that low price at $18.12 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 1.7%.

Pattern Energy Group, Inc. is an independent power company focused on owning and operating power projects with stable long-term cash flows in attractive markets with potential for continued growth of our business. The Company owns interests in wind power projects located in the United States, Canada, and Chile.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Pattern Ener.

Log in and add Pattern Ener (PEGI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights pattern ener

Ticker(s): PEGI