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Procter & Gamble (PG) Breaks Through Support at $75.98

By Amy Schwartz

Procter & Gamble (NYSE:PG) has opened bearishly below the pivot of $76.69 today and has reached the first level of support at $75.98. Investors may be interested in a cross of the next downside pivot targets of $75.49 and $74.29.

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 $75.82, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Potential upside of 8.1% exists for Procter & Gamble, based on a current level of $75.82 and analysts' average consensus price target of $81.97. The stock should find resistance at its 200-day moving average (MA) of $84.34, as well as support at its 50-day MA of $74.71.

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: pivot alerts Procter & Gamble

Ticker(s): PG