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Stock Market & Financial Investment News

News Breaks
July 31, 2014
15:12 EDTPGProcter & Gamble technical notes ahead of earnings
In the prior three months the stock has underperformed the broader averages, falling by over 5% in that time. The trading range as is typical for the shares has been relatively narrow. At the low the range is at $78.50 and at the high at $82.50. A breakout above the top of the range would resolve bullishly with next resistance at the 52-week high at $85.82. As that is the life high as well, a next objective might be at the $87 area, but that would be an exceptional move for the stock given its history. With the stock currently trading just below the three month range lows, next supports as potential downside objectives would be at $76.09, near six month lows, and then at $73.61 which is the 52-week low. An exceptional downside move on a major disappointment could push shares to $70.66. That area was previously resistance in late 2012 and early 2013. While such a move may seem like an extreme outlier, a look at a 5-year chart shows the potential for the last two years of prices movement to be a complex head and shoulders top.
News For PG From The Last 14 Days
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March 4, 2015
07:34 EDTPGProcter & Gamble management to meet with UBS
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February 27, 2015
07:53 EDTPGKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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February 19, 2015
09:37 EDTPGProcter & Gamble sese core EPS 'meaningfully' improving in 2H
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09:21 EDTPGProcter & Gamble repeats FY15 currency neutral core EPS growth view
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