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Technical Analysis
- 7/31/2009 1:14:09 PM
By Chip Brian, SmarTrend Analytics Team
PNM Resources (NYSE:PNM) is trading 0.9% higher (up $0.11 to $12.30) today on volume of 206,987 shares. The stock is trading near its 52-week high of $13.06. We are watching for a close above that level.
PNM Resources is currently above its 50-day moving average of $10.51 and above its 200-day moving average of $9.42.
SmarTrend is bullish on shares of PNM and our subscribers received an Uptrend alert on March 18, 2009 at $8.31, which has returned 48% to date.
Contact Chip Brian
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