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Procter & Gamble: 52-Week High Recently Eclipsed (PG)

By Nick Russo

Shares of Procter & Gamble (NYSE:PG) traded at a new 52-week high today of $106.44. So far today approximately 1 million shares have been exchanged, as compared to an average 30-day volume of 7.5 million shares.

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Procter & Gamble products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

Procter & Gamble (NYSE:PG) is currently priced 22.9% above its average consensus analyst price target of $81.97. The stock should find initial support at its 50-day moving average (MA) of $100.96 and further support at its 200-day MA of $90.13.

Over the past year, Procter & Gamble has traded in a range of $70.73 to $106.44 and is now at $106.38, 50% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Procter & Gamble and will alert subscribers who have PG in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows Procter & Gamble

Ticker(s): PG