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Procter & Gamble Bearish Moving Average Crossover Alert (PG)

By Nick Russo

Procter & Gamble (NYSE:PG) shares have crossed bearishly below their 10-day moving average of $82.92 on a volume of 3.5 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.

Over the past year, Procter & Gamble has traded in a range of $65.02 to $83.87 and is now at $82.79, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Procter & Gamble. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Procter & Gamble in search of a potential trend change.

Keywords: moving crosses Procter & Gamble

Ticker(s): PG