• Return to Headlines

Shares of Pinnacle West Fall to a New 52-Week Low

By David Diaz

Shares of Pinnacle West (NYSE:PNW) traded today at $61.73, breaking its 52-week low. So far today approximately 126,000 shares have been exchanged, as compared to an average 30-day volume of 943,000 shares.

Potential upside of 28.8% exists for Pinnacle West, based on a current level of $65.02 and analysts' average consensus price target of $83.75. Pinnacle West shares should first meet resistance at the 200-day moving average (MA) of $93.07 and find additional resistance at the 50-day MA of $94.18.

In the past 52 weeks, Pinnacle West share prices have been bracketed by a current low of $61.73 and a high of $105.51 and are now at $65.02. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.4%.

Pinnacle West Capital Corporation is a utility holding company. The Company, through its subsidiary, provides retail and wholesale electric service to most of the State of Arizona. Pinnacle West Capital through a subsidiary, also is involved in real estate development activities in the western United States.

SmarTrend is tracking the current trend status for Pinnacle West and will alert subscribers who have PNW in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows pinnacle west

Ticker(s): PNW