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SmarTrend Watching for Potential Rebound in Shares of Pg&E Corp After 3.01% Loss

By David Diaz

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $15.78 to a high of $16.82. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $15.85 on volume of 4.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Pg&E Corp share prices have moved between a 52-week high of $25.19 and a 52-week low of $3.55 and are now trading 372% above that low price at $16.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 6.6% while the 200-day MA has slid 0.7%.

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