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PNM

PNM Crosses Below Key Moving Average Level

In trading on Friday, shares of PNM Resources Inc (Symbol: PNM) crossed below their 200 day moving average of $32.26, changing hands as low as $31.92 per share. PNM Resources Inc shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of PNM shares, versus its 200 day moving average:

PNM Resources Inc 200 Day Moving Average Chart

Looking at the chart above, PNM's low point in its 52 week range is $24.85 per share, with $36.15 as the 52 week high point - that compares with a last trade of $31.95.

According to the ETF Finder at ETF Channel, PNM makes up 2.94% of the PowerShares DWA Utilities Momentum Portfolio ETF (Symbol: PUI) which is trading lower by about 2.1% on the day Friday.

Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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