• Return to Headlines

Uptrend Call Working As Permian Basin Royalty Trust Stock Rises 27.7% (PBT)

By Amy Schwartz

SmarTrend identified an Uptrend for Permian Basin Royalty Trust (NYSE:PBT) on August 19th, 2016 at $7.08. In approximately 10 months, Permian Basin Royalty Trust has returned 27.68% as of today's recent price of $9.04.

Permian Basin Royalty Trust share prices have moved between a 52-week high of $10.30 and a 52-week low of $4.20 and are now trading 115% above that low price at $9.04 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.

Permian Basin Royalty Trust was formed by overriding royalty interests in certain oil and gas producing properties, located in the Permian Basin in Texas. The Trust received these interests from Southland Royalty Company.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Permian Basin Royalty Trust shares.

Log in and add Permian Basin Royalty Trust (PBT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights permian basin royalty trust

Ticker(s): PBT