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What PPL’s Latest Chart Indicators and Short Interest Suggest

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

Currently, PPL stock is trading 2% above its 50-day moving average and marginally below its 200-day moving average level. PPL reported better-than-expected earnings in the second quarter. The company’s earnings grew 6% compared to the same period last year—roughly in line with the industry’s long-term earnings growth. PPL stock has underperformed its peers in 2018 due to its large exposure to the United Kingdom and currency fluctuations. PPL has hedged 100% of its cash flows for 2018 and 2019.