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Watch for Pg&E Corp to Potentially Pullback After Gaining 2.28% Yesterday

By Nick Russo

Pg&E Corp (NYSE:PCG) traded in a range yesterday that spanned from a low of $7.50 to a high of $7.64. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $7.62 on volume of 754,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Pg&E Corp share prices have been bracketed by a low of $3.55 and a high of $27.60 and are now at $7.63, 115% above that low price. The 200-day and 50-day moving averages have moved 0.83% lower and 3.07% lower over the past week, respectively.

Keywords: rebounders pg&e corp

Ticker(s): PCG