Public Service Enterprise Stock Underperformed Peers This Year
Public Service Enterprise (PEG) stock is trading marginally lower than its 52-week high of $47.47. It has rallied more than 8.0% so far this year, underperforming the broader utilities (XLU). Its stock currently seems strong considering its chart indicators.
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PEG is currently trading 2.0% and 5.0% above its 50-day and 200-day moving averages, respectively. The fair premium for both of these key moving averages highlights the strength of PEG stock. The stock is likely to stay strong until it continues to trade above both these moving averages. Its RSI (relative strength index) is currently 66, approaching the overbought zone.
You can compare top utilities’ dividend profiles in the series The Top Utilities by Dividend: NEE, DUK, SO, and D.