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Procter & Gamble Rises 1.01% on Heavy Volume: Watch For Potential Pullback

By James Quinn

Procter & Gamble (NYSE:PG) traded in a range yesterday that spanned from a low of $125.01 to a high of $125.79. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $124.97 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a low of $89.08 and a high of $126.60 and are now at $125.75, 41% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-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: rebounders Procter & Gamble

Ticker(s): PG