PG&E (PCG), through its subsidiaries, operates as a public utility company in northern and central California. This stock is trading up 2.5% at $43.77 in recent trading.
Today's Volume: 2.4 millionAverage Volume: 2.1 million Volume % Change: 96% From a technical perspective, PCG is bouncing hard here right near its 200-day moving average of $42.47 with above-average volume. This move has also pushed PCG back above its 50-day moving average of $43.52. Traders should now look for long-biased trades in PCG as long as it's trending above its 50-day with strong upside volume flows. I would consider any upside volume day that registers near or above 2.1 million shares as bullish. If PCG can maintain that trend, then this stock will setup to re-test or possibly take out its next significant overhead resistance levels at $45 to $46.50.
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