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Procter & Gamble (PG) Crosses Pivot Point Support at $106.02

By David Diaz

Shares of Procter & Gamble (NYSE:PG) opened today below their pivot of $106.23 and have already reached the first level of support at $106.02. Analysts will be watching for a cross of the next downside pivot targets of $105.62 and $105.01.

Procter & Gamble (NYSE:PG) is currently priced 22.5% above its average consensus analyst price target of $81.97. Procter & Gamble shares have support at the 50-day moving average (MA) of $101.13 and additional support at the 200-day MA of $90.27.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a low of $70.73 and a high of $106.50 and are now at $105.78, 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

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