Procter & Gamble Looks Attractive
InTheMoneyStocks.com | Oct 23, 2017 12:08PM ET
Believe it or not, leading consumer staples stock Procter & Gamble (NYSE:PG) Co (NYSE:PG) is starting to look attractive as a trade. The stock has been declining sharply since topping out on September 20, 2017 at $94.67 a share. Today, PG is declining lower by $1.11 to $87.14.h3 Support Watch/h3
Traders and investors should now watch the $86.50 level for support on the daily chart. That level is where the stock was defended in July 2017. Often, when a stock retests a major sponsorship area it will react positively. Short-term swing traders should look for a bounce around this level.
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