Earnings Play PPL Corp

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By :  ,  Financial Analyst

Earnings Play: PPL Corp.

On Friday, before market, PPL Corp. (PPL) is anticipated to report 1Q EPS of $0.72 compared to $0.70 the prior year on revenue of approximately $2.2B vs. $2.1B last year. The company's current analyst consensus rating is 5 buys, 8 holds and 0 sells, according to Bloomberg. 

From a technical point of view, PPL Corp.'s stock price recently broke below a rising trend line. Prices have entered into a decline after confirming a lower high and a lower low as of May 6th as the stock failed to get back above its 20-day moving average. We can expect prices to continue trending down towards the $21.00 level and possibly retest the 2020 low at $18.00. The RSI has also broken below a rising trend line and currently sits below its 50 median level. A stop-loss can be set near the last high at $27.00.          



Source: GAIN Capital, TradingView
Related tags: Equities Earnings

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