• Return to Headlines

Procter & Gamble Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Shares of Procter & Gamble (NYSE:PG) traded at a new 52-week low today of $73.38. So far today approximately 2.3 million shares have been exchanged, as compared to an average 30-day volume of 7.4 million shares.

Procter & Gamble has overhead space with shares priced $73.77, or 20.7% below the average consensus analyst price target of $93.04. Procter & Gamble shares should first meet resistance at the 200-day moving average (MA) of $77.57 and find additional resistance at the 50-day MA of $82.13.

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.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a current low of $73.38 and a high of $94.67 and are now at $73.77. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-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: 52 week high/lows Procter & Gamble

Ticker(s): PG