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SmarTrend Watching for Potential Rebound in Shares of Pg&E Corp After 1.28% Loss

By James Quinn

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $46.84 to a high of $47.92. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $47.59 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Pg&E Corp share prices have been bracketed by a low of $37.30 and a high of $69.67 and are now at $46.89, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

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 5.2%. We continue to monitor PCG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders pg&e corp

Ticker(s): PCG