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Upgrade Alert for Penn Virginia (PVA)Feb 07, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Penn Virginia (NYSE:PVA) was upgraded from Sector Perform to Outperform at Howard Weil today. The stock closed yesterday at $4.36 on volume of 1.0 million shares, below average daily volume of 1.3 million. In the past 52 weeks, Penn Virginia share prices have been bracketed by a low of $3.92 and a high of $7.74 and closed yesterday at $4.89, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%. Penn Virginia (NYSE:PVA) has potential upside of 36.3% based on a current price of $4.89 and analysts' consensus price target of $6.67. Penn Virginia shares should encounter resistance at the 200-day moving average (MA) of $5.57 and support at the 50-day MA of $4.47. Penn Virginia Corporation explores for and produces oil and natural gas. The Company also collects royalties and overriding royalty interests on various oil and gas properties, coal mineral rights, and related royalties. Penn explores for crude oil and condensate and natural gas in the Appalachian Basin. The Company operates in VA, WV, and KY. SmarTrend recommended that its subscribers protect gains by selling shares of Penn Virginia on October 9th, 2012 by issuing a Downtrend alert when the shares were trading at $5.66. Since that call, shares of Penn Virginia have fallen 13.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |