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

By Amy Schwartz

Pg&E Corp (NYSE:PCG) shares have crossed bearishly below their 10-day moving average of $43.33 on a volume of 1.2 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Pg&E Corp share prices have moved between a 52-week high of $71.57 and a 52-week low of $37.30 and are now trading 15% above that low price at $43.00 per share. The 200-day and 50-day moving averages have moved 0.57% lower and 0.11% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Pg&E Corp and will alert subscribers who have PCG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses pg&e corp

Ticker(s): PCG