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Petroleum & Resources Shares Up 18.2% Since SmarTrend's Buy Recommendation (PEO)

By Nick Russo

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.

Log in and add Petroleum & Resources (PEO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights petroleum & resources

Ticker(s): PEO