PG&E Crosses Below its 10-day MA (PCG)
PG&E (NYSE:PCG) shares have crossed bearishly below their 10-day moving average of $62.60 on a volume of 429K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, PG&E has traded in a range of $47.33 to $63.44 and is now at $62.48, 32% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.
SmarTrend recommended that subscribers consider buying shares of PG&E on June 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.04. Since that recommendation, shares of PG&E have risen 5.0%. 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