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Pg&E Corp Rises 3.90% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $7.36 to a high of $7.62. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $7.48 on volume of 3.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Pg&E Corp has traded in a range of $3.55 to $27.60 and is now at $7.45, 110% above that low. The 200-day and 50-day moving averages have moved 0.99% lower and 4.08% lower over the past week, respectively.

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