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How PPL Looks ahead of Its 1Q17 Earnings

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Part 5
How PPL Looks ahead of Its 1Q17 Earnings PART 5 OF 7

Why PPL Stock Could Go Higher from Here

Chart indicators

PPL Corporation (PPL) stock continues to look strong. It’s currently trading 4% and 8% above its 50-day and 200-day moving averages, respectively. The fair premium to both the moving average levels highlights the strength in the stock. Also, it tends to be a bullish sign when the 50-day moving average crosses above the 200-day moving average. The stock’s 50-day moving average level around $36.80 might act as a support in the short term.

Why PPL Stock Could Go Higher from Here

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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.

Relative strength index

PPL’s RSI (relative strength index) is at 60. The RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered to be in the “oversold” zone, while movements above 70 are considered to be in the “overbought” zone. A stock entering the overbought zone can indicate an imminent reversal in the short term.

Short interest

Short interest in PPL rose 7% on March 31, 2017. Total shorted shares in the company were 10.7 million on March 15, 2017. They rose to 11.5 million by the end of March 2017.

Short interest indicates the number of a company’s shares that have been sold short and haven’t been covered. A rise in short interest can mean that more investors expect the stock to fall in the near term from its current levels. The number also helps track investor sentiment.

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