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Recent 52-Week High Exceeded in Shares of Procter & Gamble (PG)

By Shiri Gupta

Shares of Procter & Gamble (NYSE:PG) traded today at $112.63, breaking its 52-week high. Approximately 857,000 shares have changed hands today, as compared to an average 30-day volume of 6.6 million shares.

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.

Based on a current price of $112.63, Procter & Gamble is currently 27.2% above its average consensus analyst price target of $81.97. Procter & Gamble shares have support at the 50-day moving average (MA) of $106.74 and additional support at the 200-day MA of $96.32.

In the past 52 weeks, shares of Procter & Gamble have traded between a low of $75.39 and a high of $112.63 and are now at $112.63, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.4%.

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 18.1%. 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