• Return to Headlines

Look for Shares of Pg&E Corp to Potentially Rebound after Yesterday's 29.46% Sell Off

By Shiri Gupta

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $7.51 to a high of $8.43. Yesterday, the shares fell 29.5%, which took the trading range below the 3-day low of $10.67 on volume of 27.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Pg&E Corp has traded in a range of $5.07 to $49.42 and is now at $7.75, 53% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 3.3%.

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