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Procter & Gamble Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Procter & Gamble (NYSE:PG) traded at a new 52-week high today of $101.94. This new high was reached on below average trading volume as 4 million shares traded hands, while the average 30-day volume is approximately 8.7 million shares.

Procter & Gamble (NYSE:PG) is currently priced 19.6% above its average consensus analyst price target of $81.97. The stock should discover initial support at its 50-day moving average (MA) of $96.22 and subsequent support at its 200-day MA of $87.11.

Procter & Gamble share prices have moved between a 52-week high of $101.94 and a 52-week low of $70.73 and are now trading 44% above that low price at $101.94 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Procter & Gamble products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

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 6.6%. We continue to monitor PG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Procter & Gamble

Ticker(s): PG