• Return to Headlines

Watch for Pg&E Corp to Potentially Rebound After Falling 10.35% Yesterday

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.

In the past 52 weeks, shares of Pg&E Corp have traded between a low of $37.30 and a high of $57.11 and are now at $42.78, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.64% higher over the past week, respectively.

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.

Keywords: rebounders pg&e corp

Ticker(s): PCG