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Portland General Looks to Continue to Trade Below its Annual-Low Share Price Today

By Shiri Gupta

Shares of Portland General (NYSE:POR) traded today at $43.49, breaking its 52-week low. So far today approximately 52,000 shares have been exchanged, as compared to an average 30-day volume of 712,000 shares.

Over the past year, Portland Generalhas traded in a range of $43.49 to $63.08 and are now at $43.49. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant.

Portland General (NYSE:POR) is currently priced 5.9% above its average consensus analyst price target of $40.94. The stock should find initial resistance at its 200-day moving average (MA) of $56.25 and further resistance at its 50-day MA of $58.47.

Portland General Electric Company is an electric utility involved in the generation, purchase, transmission, distribution, and sale of electricity in Oregon. The Company also participates in the wholesale market by purchasing and selling electricity and natural gas to utilities and energy marketers.

SmarTrend recommended that its subscribers protect gains by selling shares of Portland General on February 27th, 2020 by issuing a Downtrend alert when the shares were trading at $59.01. Since that call, shares of Portland General have fallen 17.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows portland general

Ticker(s): POR