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

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

PG&E (PCG) stock is trading at $27.46—almost 34% and 36% below its 50-day and 200-day moving average levels, respectively. The large discount to both of the moving averages indicates noteworthy weakness in the stock. Also, PG&E’s 50-day moving average crossing below its 200-day moving average level indicates a bearish signal. Technical analysts refer to the signal as a “death cross.”