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Procter & Gamble Bearish Moving Average Crossover Alert (PG)

By Shiri Gupta

Procter & Gamble (NYSE:PG) crossed under its 10-day moving average of $79.24 on a volume of 1.9 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $78.73, 11% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Procter & Gamble on June 7th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $75.25. Since that recommendation, shares of Procter & Gamble have risen 5.9%. 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