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Watch for Procter & Gamble to Potentially Pullback After Gaining 1.66% Yesterday

By Nick Russo

Procter & Gamble (NYSE:PG) traded in a range yesterday that spanned from a low of $108.01 to a high of $108.47. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $106.88 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Procter & Gamble share prices have moved between a 52-week high of $108.33 and a 52-week low of $72.60 and are now trading 49% above that low price at $108.33 per share. The 200-day and 50-day moving averages have moved 0.42% higher and 0.42% higher over the past week, respectively.

Keywords: rebounders Procter & Gamble

Ticker(s): PG