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Shares of Procter & Gamble Fall to a New 52-Week Low

By Nick Russo

Procter & Gamble (NYSE:PG) traded today at a new 52-week low of $71.95. This new low was reached on below average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 7.4 million shares.

Procter & Gamble has overhead space with shares priced $72.17, or 22.4% below the average consensus analyst 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.

In the past 52 weeks, shares of Procter & Gamble have traded between the current low of $71.95 and a high of $94.67 and are now at $72.17. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-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