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Look for Shares of Pg&E Corp to Potentially Rebound after Yesterday's 4.57% Sell Off

By James Quinn

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $17.34 to a high of $18.30. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $18.00 on volume of 3.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Pg&E Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Pg&E Corp in search of a potential trend change.

In the past 52 weeks, shares of Pg&E Corp have traded between a low of $5.07 and a high of $49.42 and are now at $17.34, which is 242% above that low price. The 200-day and 50-day moving averages have moved 1.7% lower and 0.02% higher over the past week, respectively.

Keywords: rebounders pg&e corp

Ticker(s): PCG