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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.

Over the past year, Procter & Gamble has traded in a range of $70.73 to $93.51 and is now at $79.90, 13% above that low. The 200-day and 50-day moving averages have moved 0.18% lower and 0.11% higher over the past week, respectively.

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: rebounders Procter & Gamble

Ticker(s): PG