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Where PPL Stock Might Go from Its Current Levels

Vincent Kruger
Where PPL Stock Might Go from Its Current Levels

Recently, PPL (PPL) stock has shown a solid uptrend. The stock gained more than 15% in the last three months. However, PPL stock fell nearly 2% on September 19 amid utilities’ (XLU) (IDU) weakness due to strength in the Treasury yields. The ten-year Treasury yield reached 3.07%, while the Utilities Select Sector SPDR ETF (XLU) fell 2.2% on September 19.