The bullish DailyPlay we chose for Thursday March 17th is PG&E (PCG). PCG is part of the Utilities Sector (XLU). Over the last month, XLU has experienced a 6.95% move higher and it’s 1m and 6m trends turned bullish on 3/3 and just broke above its $47.50 resistance level.
PG&E’s 1m and 6m trends turned bullish on 3/04 and recently broke above its $57 resistance level on high volume. With a technical score of 9 (out of 10), PCG looks positioned to continue this strong bullish trend higher.