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BREAKING:

CANADA ADDS 90,400 JOBS IN APRIL, EXCEEDING EXPECTATIONS

Unemployment rate remains steady at 6.1%, says StatCan

What PPL’s Chart Indicators and Short Interest Suggest

Vincent Kruger
Updated
What PPL’s Chart Indicators and Short Interest Suggest

Recently, utilities were weak, while benchmark Treasury yields peaked to a seven-year high. Similar weakness was witnessed in PPL (PPL) stock—one of the laggards among utilities this year. Currently, PPL is trading at $29.56, which is marginally above its 50-day moving average and 2% above its 200-day moving average. PPL’s 50-day moving average breaking above its 200-day moving average is called a “golden cross,” which is a bullish signal. PPL’s 200-day moving average level around $29.48 could act as a support for the stock going forward.

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