Time to buy Procter & Gamble (PG) on decline
By Mark Moneymaster
October 29, 2009 9:03 AM
October 29, 2009 9:03 AM
Symbols: PG
Procter & Gamble (NYSE: PG) stock has got resistance near $58 levels. Traders can look for any weakness as an opportunity to enter the PG stock at lower levels. The Procter & Gamble (PG) stock has got strong support at $54 levels.
Procter & Gamble (PG) stock has reported better-than-expected first-quarter results on Thursday and offered an improved outlook after a year of households cutting spending.
If the PG stock breaks the resistance at $58 levels, expect the stock to rally near $61 levels.
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