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Look for Shares of Procter & Gamble to Potentially Pullback after Yesterday's 1.66% Rise

By Shiri Gupta

Procter & Gamble (NYSE:PG) traded in a range yesterday that spanned from a low of $108.01 to a high of $108.47. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $106.88 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a low of $72.60 and a high of $108.33 and are now at $108.33, 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%.

Keywords: rebounders Procter & Gamble

Ticker(s): PG