Stock Trend Analysis Report
Prepared for you on Friday, February 22, 2019.
PNM Resources, Inc (NYSE:PNM)
Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PNM
The long term trend has been UP since Nov 8th, 2018 at 40.95
The intermediate term trend has been UP since Jan 22nd, 2019 at 42.00
The short term trend has been UP since Feb 7th, 2019 at 42.35
Smart Scan Analysis for PNM
Based on a pre-defined weighted trend formula for chart analysis, PNM scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||43.12||Year High Date||2018-11-20|
|Year Low||33.75||Year Low Date||2018-02-08|
|52wk High||45.35||52wk High Date||2018-12-13|
|52wk Low||34.95||52wk Low Date||2018-06-12|
|Year End Close||20.51||Average Volume||351,461|
|Shares Outstanding||79,654||Short Interest||2,425,895|
|% Institutional||87.5||Market Cap||3,453M|