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What PG&E’s Chart Indicators and Short Interest Imply

Vincent Kruger
What PG&E’s Chart Indicators and Short Interest Imply

Pacific Gas and Electric Company (or PG&E) (PCG) stock is currently trading close to its early 2018 levels, marginally underperforming the broader utilities (XLU) (IDU). It’s currently trading 5% above its 50-day moving average and 2% below its 200-day moving average. Its 50-day moving average of $42.50 is likely to act as a support for the stock in the near future. PCG stock closed at $44.70 on July 26.