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Shares of Procter & Gamble Fall Below Previous 52-Week Low

By Nick Russo

Procter & Gamble (NYSE:PG) traded today at a new 52-week low of $74.60. Approximately 5.1 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 24.5% based on a current price of $74.75 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 $74.60 to $94.67 and are now at $74.75. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

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: 52 week high/lows Procter & Gamble

Ticker(s): PG