What’s Next for PPL Corporation Stock?
Let’s see where PPL Corporation (PPL) stock might go in the near future. On January 23, 2017, it was trading at a 2% premium and 3% discount to its 50-day and 200-day moving averages, respectively. The stock’s 200-DMA level is near $36, which could act as a resistance in the short term.
Moving averages show that when a stock rises above a particular moving average, it’s a bullish sign. When it falls below that average, it’s bearish.
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Relative strength index
PPL’s RSI (relative strength index) currently stands at 53. RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered in the “oversold” zone, and movements above 70 are considered in the “overbought” zone.