1
PG stock price is trading near the 52-week high.
2
The trend of Procter and Gamble stock price remains upward.
3
Procter and Gamble Co. stock is forming a bullish pattern.
Procter and Gamble Co. PG stock price performed well in the past few months and hit a 52-week high at $158.38. It formed a bullish continuation pattern and buyers succeeded in sustaining the higher levels.
PG stock price sustains above the 200-day as well as 50-day EMA showcases uptrend. Previously, the short-term retracement had gotten absorbed near to the 50-day EMA, and prices showed a strong bounce.
At the beginning of August, Procter and Gamble stock price tried to break the $158.00 hurdle. The attempt was, however, not successful and the price witnessed minor profit booking.
The price of PG shares retraced down to the EMA and buyers are trying to push the price upwards. Presently, the PG stock is stuck in a narrow range between $151.00 to $156.00.
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