PG&E (PCG) Offering Possible 12.36% Return Over the Next 14 Calendar Days

PG&E's most recent trend suggests a bearish bias. One trading opportunity on PG&E is a Bear Call Spread using a strike $45.00 short call and a strike $50.00 long call offers a potential 12.36% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock rose above the $50.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for PG&E is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for PG&E is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for PG&E

PG&E Statement on California Senate Bill 819
Wed, 03 Jan 2018 22:34:00 +0000
Pacific Gas and Electric Company today released the following statement regarding California Senate Bill 819.

California Lawmakers Seek to Block Utility Billing for Fire Cost
Wed, 03 Jan 2018 20:55:05 +0000
California lawmakers introduced a bill that would prevent electric utilities from passing along costs to customers for wildfire damages that result from negligent actions.

Four bets in US stocks for 2018
Tue, 02 Jan 2018 22:06:00 +0000
Brent Wilsey of Wilsey Asset Management lays out four of his U.S. equity pitches for 2018.

PG&E: It's Like Sticking a Fork in a Socket
Tue, 02 Jan 2018 19:23:00 +0000
PG&E Corp. (PCG) had a tough year, falling some 27% in the past 12 months, and ending 2017 with a whimper. The heels of devastating California wildfires pushed the stock down throughout 2017, making owning it feel like sticking a fork in a socket, although Barron's thinks the stock's been oversold.  Goldman Sachs doesn't agree. Today, analyst Michael Lapides and his team downgraded PG&E to neutral, writing that they're still concerned about financing and consensus estimates.

Analyzing the Volatilities of the Largest S&P 500 Utilities
Tue, 02 Jan 2018 14:01:08 +0000
The implied volatility of the Utilities Select Sector SPDR ETF (XLU) was ~12% on December 22, while that of the SPDR S&P 500 (SPX-INDEX) (SPY) was close to 7%.

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