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After Yesterday's Decline of 1.69%, Procter & Gamble Offers Investors Better Value

By Nick Russo

Procter & Gamble (NYSE:PG) traded in a range yesterday that spanned from a low of $79.85 to a high of $81.97. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $81.44 on volume of 4.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a low of $70.73 and a high of $93.51 and are now at $79.90, 13% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders Procter & Gamble

Ticker(s): PG