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Procter and Gamble is Up for the 3rd Day in a Row

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The Hourly View for Procter and Gamble

  • Currently, PG’s price is up $0.35 (0.24%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Procter and Gamble’s hourly price chart is shown below.

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The Daily View for Procter and Gamble

  • At the moment, PG’s price is up $0.1 (0.07%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Procter and Gamble has now gone up 9 of the past 10 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between PG’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in PG’s price.

Below is a daily price chart of Procter and Gamble.

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