Procter and Gamble (PG) NewsBite - PG Hits 52-Week High

Posted: Wednesday, November 25, 2009 12:52 PM EDT

Procter and Gamble (NYSE: PG) hit a new 52-Week high of $63.48 so far today. Currently the stock is down $0.06 (-0.1%) to $62.74 on 4,514,819 shares traded. Today's high is up $18.81 from a 52-Week Low of $43.93. Procter and Gamble stock has been showing support around $62.14 and resistance in the $63.28 range. Technical indicators for the stock are bullish and S&P gives PG a positive 4 STARS (out of 5) buy ranking. PG stock is currently trading just a bit lower after hitting a new 52 week high earlier in the day. If you are looking for a hedged play on PG the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 57.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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