U.S. Markets closed

What PPL’s Chart Indicators and Short Interest Suggest

Vincent Kruger
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.