Analyzing PPL’s Moving Averages and Short Interest
The stock has lost more than 10% in the last ten trading sessions. Broader utilities (XLU) (IDU) have also been on a downward streak for the last few months after the Fed’s interest rate hike in December 2017. The large discount from PPL’s support levels highlights the weakness in PPL stock. PPL’s 50-day moving average level around $30.6 is expected to act as a resistance for the stock in the near term.