Pinnacle West Capital Breaks Above 200-Day Moving Average - Bullish for PNW

In trading on Friday, shares of Pinnacle West Capital Corp. (PNW) crossed above their 200 day moving average of $55.33, changing hands as high as $55.43 per share. Pinnacle West Capital Corp. shares are currently trading off about 0.4% on the day. The chart below shows the one year performance of PNW shares, versus its 200 day moving average:

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Pinnacle West Capital Corp. 200 Day Moving Average Chart

Looking at the chart above, PNW's low point in its 52 week range is $51.15 per share, with $61.89 as the 52 week high point — that compares with a last trade of $54.92.

According to the ETF Finder at ETF Channel, PNW makes up 2.96% of the First Trust Utilities AlphaDEX Fund ETF ( FXU) which is trading up by about 0.3% on the day Friday.

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