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Procter & Gamble Crosses Below its 10-day MA (PG)

By Shiri Gupta

Procter & Gamble (NYSE:PG) shares have crossed bearishly below their 10-day moving average of $105.18 on a volume of 2.6 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.

In the past 52 weeks, shares of Procter & Gamble have traded between a low of $70.73 and a high of $107.20 and are now at $102.60, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

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