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Rant & Rave Blog

PG&E Corp (PCG) Signals Strong Buy And Major Upside To $55

Posted by Gareth Soloway Monday, February 12, 2018, 12:59PM ET

Read 459 times

Beaten down utility PG&E Corporation (NYSE:PCG) has just signaled a major buy. Friday, the stock hit a 7 year low and reversed, forming a bullish bottoming tail on the daily chart. This is a strong buy signal on a utility that is fast recovering from the California wildfires. The stock has fallen in the last 8 months from over $70 and is ripe for investors looking for a recovery story that has major upside. I think it is very possible to see $55 on this in 2018.

 

TRADING UPDATE: $15k Profit Last Week, +$2k Already Today. See It Here.

 

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