PG&E (PCG) Offering Possible 21.95% Return Over the Next 9 Calendar Days

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PG&E’s most recent trend suggests a bullish bias. One trading opportunity on PG&E is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 21.95% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $40.00 long put strike price.

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

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

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

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LATEST NEWS for PG&E

New Time-of-Use Rate Plan Will Support Cleaner, More Reliable Grid and Enhance Choice and Control for PG&E Customers
Mon, 08 Jan 2018 19:38:00 +0000
Pacific Gas and Electric Company announced today that it is introducing a new electric Time-of-Use rate plan to promote more efficient energy usage and provide customers with additional rate plan options.

52-Week Company Lows
Fri, 05 Jan 2018 16:00:45 +0000
Details the 52-week lows of the following companies: Kraft Heinz, Welltower, PG&E, PPL, Ventas and Edison International

Cramer’s lightning round: Stop talking, start buying Rayt…
Fri, 05 Jan 2018 00:20:00 +0000
Jim Cramer zoomed through his take on callers’ favorite stocks, including a defense play fresh off some momentary weakness.

California lawmakers seek to block utilities from passing costs related to wildfires on to customers
Thu, 04 Jan 2018 20:01:51 +0000
A bill in the California legislature aims to ban utilities from passing along costs to customers if the companies are found liable for negligence that caused wildfires, like October’s massive Wine Country fires. Energy giant PG&E has been under increasing scrutiny for any role its equipment may have played in sparking at least some of those wildfires, which burned through five Northern California counties for weeks. PG&E reported at least eight downed power lines caused by winds on Oct. 8, when the multiple wildfires broke out in Wine Country, according to incident reports the utility made to the California Public Utilities Commission.

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.

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