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Pg&E Corp Set to Possibly Rebound After Yesterday's Selloff of 10.35%

By Shiri Gupta

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $41.55 to a high of $44.58. Yesterday, the shares fell 10.3%, which took the trading range below the 3-day low of $47.06 on volume of 7.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Pg&E Corp on July 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.30. Since that recommendation, shares of Pg&E Corp have risen 5.5%. We continue to monitor PCG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Pg&E Corp has traded in a range of $37.30 to $57.11 and is now at $42.78, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

Keywords: rebounders pg&e corp

Ticker(s): PCG