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Upgrade Alert for Procter & Gamble (PG)

By Nick Russo

Procter & Gamble (NYSE:PG) was upgraded from Neutral to Buy at UBS today. The stock closed yesterday at $85.87 on volume of 11.3 million shares, above average daily volume of 7.4 million.

Procter & Gamble (NYSE:PG) defies analysts with a current price ($85.87) 3.4% above its average consensus price target of $82.94. Procter & Gamble shares have support at the 50-day moving average (MA) of $82.13 and additional support at the 200-day MA of $77.57.

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Proctor & Gamble's products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

In the past 52 weeks, Procter & Gamble share prices have been bracketed by a low of $65.02 and a high of $86.15 and closed yesterday at $85.87, 32% above that low price. The 200-day and 50-day moving averages have moved 0.02% lower and 0.06% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Procter & Gamble on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.85. Since that recommendation, shares of Procter & Gamble have risen 3.7%. We continue to monitor PG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Procter & Gamble

Ticker(s): PG