PPL (PPL) Reaches Initial Support Level, Watch for 0.68% Additional Downside

SmarTrend has detected shares of PPL (NYSE: PPL) have bearishly opened below the pivot of $25.70 today and have reached the first level of support of $25.51.

Should the shares continue to fall, we are monitoring the next support pivots of $25.30 and $24.90. Also, the shares are currently trading below the 50-day moving average of $27.02 and below the 200-day moving average of $26.99.

In the last five trading sessions, the 50-day MA has fallen 0.55% while the 200-day MA has slid 0.32%.

In the past 52 weeks, shares of PPL have traded between a low of $23.75 and a high of $33.05 and are now at $25.48, which is 7% above that low price.

SmarTrend is monitoring the recent change of momentum in PPL. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PPL in search of a potential trend change.



Read more: http://www.benzinga.com/press-releases/10/11/c633477/ppl-ppl-reaches-initial-support-level-watch-for-0-68-additional-downsid#ixzz162REItIf