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Procter & Gamble Bearish Moving Average Crossover Alert (PG)

By James Quinn

Procter & Gamble (NYSE:PG) crossed under its 10-day moving average of $121.62 on a volume of 1.6 million shares. Swing traders may find an opportunity 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 $123.43 and a 52-week low of $78.49 and are now trading 53% above that low price at $120.46 per share. The 200-day and 50-day moving averages have moved 0.56% higher and 0.78% higher over the past week, respectively.

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 28.6%. 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