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Procter & Gamble (PG) Approaches New Upside Target of $118.50

By James Quinn

Shares of Procter & Gamble (NYSE:PG) have bullishly opened above the pivot of $116.44 today and have reached the first resistance level of $117.14. Should the shares continue to rise, the resistance pivots of $118.50 and $120.56 will be of interest.

Procter & Gamble (NYSE:PG) is currently priced 29.7% above its average consensus analyst price target of $81.97. The stock should discover initial support at its 50-day moving average (MA) of $113.20 and subsequent support at its 200-day MA of $101.92.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a low of $78.49 and a high of $121.76 and are now at $116.62, 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

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 21.9%. 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