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Bullish Moving Average Cross by Procter & Gamble (PG)

By James Quinn

Procter & Gamble (NYSE:PG) shares have crossed bullishly above their 10-day moving average of $72.23 on a volume of 2.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Procter & Gamble has traded in a range of $70.73 to $94.67 and is now at $72.37, 2% above that low. The 200-day and 50-day moving averages have moved 0.02% lower and 0.06% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Procter & Gamble on April 19th, 2018 by issuing a Downtrend alert when the shares were trading at $74.96. Since that call, shares of Procter & Gamble have fallen 4.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Procter & Gamble

Ticker(s): PG