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Procter & Gamble (PG) Breaks Through Resistance at $73.37

By Amy Schwartz

Shares of Procter & Gamble (NYSE:PG) opened today above their pivot of $72.99 and have already reached the first level of resistance at $73.37. Investors may be interested in a cross of the next upside pivot targets of $73.80 and $74.61.

There is potential upside of 26.9% for shares of Procter & Gamble based on a current price of $73.32 and an average consensus analyst price target of $93.04. The stock should run into initial resistance at its 200-day moving average (MA) of $77.57 and subsequent resistance at its 50-day MA of $82.13.

In the past 52 weeks, shares of Procter & Gamble have traded between a low of $70.73 and a high of $94.67 and are now at $73.32, which is 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

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.

Keywords: pivot alerts Procter & Gamble

Ticker(s): PG