Addition To My Long Chaikin Portfolio

I added another name to my Chaikin portfolio this week,  $PCG - Pacific Gas & Electric.   now,  I already have a utility in my portfolio, $NI so $PCG makes two,  I can't / won't add anymore names that belong to the XLU. 

I took the trade on a Chaikin Money Flow Buy Signal.  The technical s look outstanding. 

$PCG  has a very bullish power gauge rating  and the  relative strength agrees.   The period of time Money Flow has been positive,  especially  the stronger money flow as of late, is a very powerful indicator. The stock is above the 200 day long-term Chaikin moving average,  Experts are positive on it, it's oversold in a mostly overbought market and last, but certainly not least, PCG belongs to the XLU which has been  outperforming all year.   See our weekly sector trend analysis HERE.   Additionally, even at the elevated price we'll still collect a  modest 3% yield, so if the market was to sell off we'll be supported by some yeild protection. 

A closer look at PCG reveals something pretty impressive and exciting.... 

...  looking at the weekly bars on a 10 year chart, PCG  was range bound since 2007, yes 8 + years!  Until October of last year, when it finally broke out.   It has recently re-tested the break out and started the march higher once again.     I'm not one to set "price targets" but I wouldn't be surprised if PCG  made it into the mid 60's in a relativity short time frame.    Again, we don't set price targets, we ride trends, so I'll set my stop loss according to my rules...  and ride this puppy!  

Happy Trading!

-AA