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Pg&E Corp (PCG) Approaches New Downside Target of $43.11

By Nick Russo

Shares of Pg&E Corp (NYSE:PCG) have bearishly opened below the pivot of $43.78 today and have reached the first support level of $43.51. Should the shares continue to fall, the support pivots of $43.11 and $42.44 will be of interest.

Over the past year, Pg&E Corp has traded in a range of $37.30 to $71.57 and is now at $43.49, 17% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

Pg&E Corp has overhead space with shares priced $43.49, or 12.4% below the average consensus analyst price target of $49.64. Pg&E Corp shares should encounter resistance at the 200-day moving average (MA) of $45.46 and support at the 50-day MA of $42.43.

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: pivot alerts pg&e corp

Ticker(s): PCG