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Bearish Two Hundred Day Moving Average Cross - PGN

By Market News Video Staff, Thursday, August 4, 4:39 PM ET
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In trading on Thursday, shares of Progress Energy, Inc. (PGN) crossed below their 200 day moving average of $45.86, changing hands as low as $45.37 per share. Progress Energy, Inc. shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of PGN shares, versus its 200 day moving average:

Progress Energy, Inc. 200 Day Moving Average Chart

Looking at the chart above, PGN's low point in its 52 week range is $41.61 per share, with $49.03 as the 52 week high point — that compares with a last trade of $45.38.

According to the ETF Finder at ETF Channel, PGN makes up 3.47% of the Utilities Select Sector SPDR Fund ETF (AMEX:XLU) which is trading lower by about 3.1% on the day Thursday.

     See what other ETFs contain PGN »
     See what other stocks are held by XLU »

PGN operates in the Electric Utilities sector, among companies like Alliant Energy Corp. (NYSE:LNT) which is off about 5.3% today, and Pinnacle West Capital Corp. (NYSE:PNW) trading lower by about 3.4%. Below is a three month price history chart comparing the stock performance of PGN, versus LNT and PNW.

PGN,LNT,PNW Relative Performance Chart


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