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Bearish Moving Average Cross by Procter & Gamble (PG)

By David Diaz

Procter & Gamble (NYSE:PG) shares have crossed bearishly below their 10-day moving average of $111.01 on a volume of 1.1 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Procter & Gamble share prices have moved between a 52-week high of $112.63 and a 52-week low of $77.18 and are now trading 43% above that low price at $110.04 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that subscribers consider buying shares of Procter & Gamble on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.02. Since that recommendation, shares of Procter & Gamble have risen 17.6%. We continue to monitor PG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Procter & Gamble

Ticker(s): PG