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Pg&E Corp Bearish Moving Average Crossover Alert (PCG)

By Nick Russo

Today, shares of Pg&E Corp (NYSE:PCG) have crossed bearishly below their 10-day moving average of $69.97 on a volume of 239K 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.

Over the past year, Pg&E Corp has traded in a range of $57.60 to $70.58 and is now at $69.84, 21% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Pg&E Corp on July 20th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.46. Since that recommendation, shares of Pg&E Corp have risen 4.3%. 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