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Watch for Shares of Pg&E Corp (PCG) to Approach Resistance at $19.67

By James Quinn

Pg&E Corp (NYSE:PCG) has opened bullishly above the pivot of $19.38 today and has reached the first level of resistance at $19.53. Investors may be interested in a cross of the next upside pivot targets of $19.67 and $19.96.

Pg&E Corp (NYSE:PCG) has potential upside of 152.8% based on a current price of $19.64 and analysts' consensus price target of $49.64. The stock should find resistance at its 200-day moving average (MA) of $34.19, as well as support at its 50-day MA of $15.70.

In the past 52 weeks, Pg&E Corp share prices have been bracketed by a low of $5.07 and a high of $49.42 and are now at $19.64, 287% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has declined 2.1%.

SmarTrend recommended that subscribers consider buying shares of Pg&E Corp on January 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.90. Since that recommendation, shares of Pg&E Corp have risen 79.0%. We continue to monitor PCG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts pg&e corp

Ticker(s): PCG