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Procter & Gamble: The Losing Streak Continues (PG)

By Nick Russo

Procter & Gamble (NYSE:PG) traded today at a new 52-week low of $76.81. Approximately 1.4 million shares have changed hands today, as compared to an average 30-day volume of 7.4 million shares.

Procter & Gamble (NYSE:PG) has potential upside of 20.8% based on a current price of $77.01 and analysts' consensus price target of $93.04. The stock should find initial resistance at its 200-day moving average (MA) of $77.57 and further resistance at its 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.

Over the past year, Procter & Gamblehas traded in a range of $76.81 to $94.67 and are now at $77.01. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Procter & Gamble on January 24th, 2018 by issuing a Downtrend alert when the shares were trading at $88.43. Since that call, shares of Procter & Gamble have fallen 12.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Procter & Gamble

Ticker(s): PG