Friday, November 24, 2017

Believe It Or Not, Procter & Gamble (NYSE:PG) Is Looking Attractive

Believe it or not, leading consumer staples stock Procter & Gamble Co (NYSE:PG) is starting to look attractive as a trade. This stock has been declining sharply since topping out on September 20th, 2017 at $94.67 a share. Today, PG stock is declining lower by $1.11 to $87.14 a share. Traders and investors should now watch the $86.50 level for support on the daily chart. This level is where the stock was defended in July 2017. Often, when a stock retests a major sponsorship area if will react positively. Short term swing traders should look for a bounce around this level.

Nicholas Santiago

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