The Hourly View for PBA
At the moment, PBA (Get Ratings)’s price is down $-0.04 (-0.14%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as PBA has now gone down 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
PBA’s Technical Outlook on the Daily Chart
At the time of this writing, PBA’s price is down $-0.05 (-0.19%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as PBA has now gone up 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Pembina Pipeline Corp’s price action over the past 90 days can be seen via the chart below.
For PBA News Traders
News traders keeping an eye on PBA may find value in this recent story:
Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL) (NYSE: PBA) announced today its intention to redeem its issued and outstanding Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares, Series 13 (TSX: PPL.PR.M) (the “Series 13 Shares”) on June 1, 2021. The Company further announced that its Board of Directors has declared a common share cash dividend for April 2021 of $0.21 per share and quarterly dividends for the Company’s preferred shares.
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