Bearish Moving Average Cross by PG&E (PCG)
PG&E (NYSE:PCG) crossed under its 10-day moving average of $62.32 on a volume of 377K 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.
In the past 52 weeks, shares of PG&E have traded between a low of $47.33 and a high of $65.43 and are now at $61.76, which is 30% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.
SmarTrend is monitoring the recent change of momentum in PG&E. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PG&E in search of a potential trend change.
Keywords: moving crosses PG&E