Petroleum & Resources Shares Up 18.2% Since SmarTrend's Buy Recommendation (PEO)
SmarTrend identified an Uptrend for Petroleum & Resources (NYSE:PEO) on January 29th, 2016 at $16.46. In approximately 9 months, Petroleum & Resources has returned 18.23% as of today's recent price of $19.46.
In the past 52 weeks, shares of Petroleum & Resources have traded between a low of $14.29 and a high of $25.22 and are now at $19.46, which is 36% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.0%.
Petroleum & Resources Corporation is a non-diversified, closed-end managment investment company incorporated in the USA. The Fund's objective is preservation of capital, the attainment of a reasonable and dependable income from investments and an opportunity for capital appreciation. The Fund invests in securities in the petroleum and energy-related industries.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Petroleum & Resources shares.
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Keywords: spotlights petroleum & resources