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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By David Diaz

PG&E (NYSE:PCG) traded in a range yesterday that spanned from a low of $65.83 to a high of $66.67. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $66.16 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of PG&E have traded between a low of $47.33 and a high of $68.29 and are now at $66.65, which is 41% above that low price. 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 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: rebounders PG&E

Ticker(s): PCG