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After Yesterday's Rally of 2.05% Shares Could Potentially Pullback

By David Diaz

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $44.85 to a high of $45.56. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $45.35 on volume of 1.4 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, Pg&E Corp share prices have been bracketed by a low of $37.30 and a high of $71.57 and are now at $45.44, 22% above that low price. 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 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: rebounders pg&e corp

Ticker(s): PCG