Procter and Gamble (PG) Price Near $138.06; Moves Down For the 2nd Day In A Row, Makes Big Move Relative to Two Week Trend, Pin Bar Pattern Appearing on Chart

PROCTER & GAMBLE Co Daily Price Recap

PROCTER & GAMBLE Co closed the day prior down 0.22% ($0.3); this denotes the 2nd day in a row a decrease has occurred. As for how volume fared, yesterday’s volume was up 2.22% from the previous day (Monday), and up 56.71% from Tuesday of the week before. Let’s take a look at the daily price chart of PROCTER & GAMBLE Co.

PG

PROCTER & GAMBLE Co Technical Analysis

The first thing we should note is that PROCTER & GAMBLE Co is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for PROCTER & GAMBLE Co has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days PROCTER & GAMBLE Co’s price has gone up 18 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about PG:

    $DMRC ..over the next year…tutes will be adding as this progresses. While I dont 100% agree with mgt approach to news releases and marketing the tech ….one thing is for sure the stock is SUPER undervalued here $WMT, $PG and 100's of others will be using our tech in the years to come. Not a 100% certainty but it should be at least trading back at 60 bucks. they still need to address working capital

    EquiStar