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.
Gareth Soloway
InTheMoneyStocks