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PEG forms 20 Day Moving Average Resistance on July 17
On Friday, July 17th, PEG moved down 1.12% while volume was to 1.2× the usual levels. Multiple bearish signals emerged — 20 DMA Resistance, Fell Below 50 DMA, 200 DMA Resistance & Expansion Pivot Sell Setup — suggesting potential weakness ahead. Key support levels exist at 77.57, 76.49 & 74.7, with resistance at 80.44, 82.23 & 83.31. Slow Stochastic readings suggest the stock is currently oversold.
Current SwingTradeBot Technical Rating of PEG: C
There’s more where that came from. See all of today’s signals for PEG here.
Read full article here »