Procter and Gamble (PG) NewsBite - PG Could Be On the Move

Posted: Thursday, November 05, 2009 10:47 AM EDT

Procter and Gamble (PG) could be on the move today and is now at $59.88, up $.85 (1.44%) on volume of 2,170,733 shares traded. Over the last 52 weeks the stock has ranged from a low of $43.93 to a high of $66.82. PG was covered in a Lee Allen report today. To read the report, go to www.marketintelligencecenter.com/la110509 . Procter and Gamble stock has been showing support around $58.17 and resistance in the $60.09 range. Technical indicators for the stock are bullish and S&P gives PG a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PG the stock seems like it could be a candidate for an April out-of-the-money bull-put credit spread below the 52.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

Click Symbol For More News On: (PG)