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Next Resistance Level for Procter & Gamble (PG) is $111.59

By Nick Russo

Shares of Procter & Gamble (NYSE:PG) have bullishly opened above the pivot of $110.33 today and have reached the first resistance level of $111.02. Investors may be interested in a cross of the next upside pivot targets of $111.59 and $112.85.

Procter & Gamble (NYSE:PG) defies analysts with a current price ($110.90) 26.1% above its average consensus price target of $81.97. The stock should find initial support at its 50-day moving average (MA) of $105.79 and further support at its 200-day MA of $95.34.

Procter & Gamble share prices have moved between a 52-week high of $111.03 and a 52-week low of $75.39 and are now trading 47% above that low price at $110.90 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Procter & Gamble on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.02. Since that recommendation, shares of Procter & Gamble have risen 16.7%. We continue to monitor PG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts Procter & Gamble

Ticker(s): PG