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Procter & Gamble Bullish Moving Average Crossover Alert (PG)

By David Diaz

Today, shares of Procter & Gamble (NYSE:PG) have crossed bullishly above their 10-day moving average of $119.52 on a volume of 1.6 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 $85.23 to $125.36 and is now at $123.94, 45% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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: moving crosses Procter & Gamble

Ticker(s): PG