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Permian Basin Royalty Trust (PBT) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 27 Jun 2017NoneBearish EngulfingWed, 14 Jun 2017-4.88%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.77 0.00 (0%) Jun 27 4:02pm EDT
Open: 8.88 Range: 8.73 - 8.97 Vol: 53.84K Avg Vol: 128.01K
EPS: 0.56 P/E ratio: 15.58 EBITDA: 0.00 Mkt Cap: 408.75M
Analyze "PBT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 9.23
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 9.70
Last Trade is below the 50 day moving average at 9.73
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 8.35
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PBT

Stock Trend Analysis - Buy, Sell or Hold "Permian Basin Royalty Trust" (PBT)?

PBT is in a very strong uptrend. In the last 52 weeks, PBT has been trading above the 200 day moving average for 100% of the time with an average daily volume of 128K shares being traded. In the medium term, the 50 day moving average, currently at 9.73 for PBT is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading with a slight bearish bias, which may indicate beginnings of a topping formation. It is unsurprising to have some profit taking set in at this stage as PBT's performance has been very strong thus far. A good area to consider taking a long position in PBT is near the 200 SMA currently at 8.35. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PBT".

The analyst consensus estimates for the 1 year price target for this stock is $13.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 27 Jun 2017
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