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Bearish Moving Average Cross by Pg&E Corp (PCG)

By Shiri Gupta

Today, shares of Pg&E Corp (NYSE:PCG) have crossed bearishly below their 10-day moving average of $19.29 on a volume of 808K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Pg&E Corp has traded in a range of $5.07 to $49.42 and is now at $19.02, 275% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 0.9%.

SmarTrend recommended that subscribers consider buying shares of Pg&E Corp on January 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.90. Since that recommendation, shares of Pg&E Corp have risen 78.2%. We continue to monitor PCG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pg&e corp

Ticker(s): PCG