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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
Fri, 17 Nov 2017NoneBearish EngulfingMon, 30 Oct 20171.76%
***Stock database and scans are updated around midnight (New York time) every trading day.
9.24 0.00 (0%) Nov 17 4:00pm EST
Open: 9.15 Range: 9.02 - 9.28 Vol: 131.36K Avg Vol: 81.33K
EPS: 0.63 P/E ratio: 14.53 EBITDA: 0.00 Mkt Cap: 429.26M
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 9.38
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 9.37
Last Trade is above the 50 day moving average at 9.05
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 9.14
* 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 82% of the time with an average daily volume of 81.3K shares being traded. For the medium term however, the 50 day moving average is indicating a trading range with a bearish downward bias. PBT's upward trend appears to be weakening but it is still not confirmed by the 200 SMA. Confidence in the buy the dips strategy seems to be waning. Barring some weakness in the 50 SMA, the 20 day moving average is however bucking the medium term trend as price has been trading above the 20 SMA for 82% of time for the last two months.Objectively, PBT's primary trend is still up meaning the higher probability strategy is to still buy dips. Timing and the buy-in price are very critical at this juncture in order to secure profits. Traders who are thinking of going long PBT shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 9.05 and 9.14 respectively. 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 - Fri, 17 Nov 2017
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