PROCTER & GAMBLE Co (PG) Up 2.11%, Breaks Above 20, 50 and 100 Day Averages; Price Base in Formation Over Past 90 Days

PROCTER & GAMBLE Co 4 Hour Price Update

Updated June 30, 2020 04:27 PM GMT (12:27 PM EST)

In the past four hours of today’s trading session, PG’s price is up $1.52 (1.29%). To help put that in perspective, note that PROCTER & GAMBLE Co’s peers in the in the Consumer Goods industry are up 0.34% on average during this time, while its counterparts in the broader Consumer Defensive sector are down by an average of -0.2%.

PROCTER & GAMBLE Co Daily Price Recap

The back and forth price flow continues for PROCTER & GAMBLE Co, which started today off at 117.66 US dollars, up 2.11% ($2.43) from the day prior. The price move occurred on volume that was down 71.4% from the day prior, but up 7.57% from the same day the week before. Below is a daily price chart of PROCTER & GAMBLE Co.

PROCTER & GAMBLE Co Technical Analysis

Notably, PROCTER & GAMBLE Co crossed above its 20, 50 and 100 day moving averages yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For another vantage point, consider that PROCTER & GAMBLE Co’s price has gone up 16 of the previous 30 trading days.

Overheard Around the Web

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

    note to Zuke… maybe you should implement a price hike that comes online in 10 days. let's see if $F $UL $PG would expedite them coming back to $FB and its massive platform. These losers are trying to get cover to cut spending because they are hurting so they use FB as the excuse. Zuke should fire back.

    racernic