Procter & Gamble's most recent trend suggests a bullish bias. One trading opportunity on Procter & Gamble is a Bull Put Spread using a strike $121.00 short put and a strike $116.00 long put offers a potential 15.47% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $121.00 by expiration. The full premium credit of $0.67 would be kept by the premium seller. The risk of $4.33 would be incurred if the stock dropped below the $116.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Procter & Gamble is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Procter & Gamble is bullish.
The RSI indicator is at 67.33 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Procter & Gamble
Strategic Value Investing: Warren Buffett
Thu, 05 Sep 2019 22:09:36 +0000
The student built on his teacher’s knowledge to modernize value investing and establish an outstanding record Continue reading…
Procter & Gamble (PG) Stock Sinks As Market Gains: What You Should Know
Thu, 05 Sep 2019 21:45:09 +0000
Procter & Gamble (PG) closed the most recent trading day at $122.76, moving -0.37% from the previous trading session.
Dow Jones Today: Finally, Some Relief on the Trade Front
Thu, 05 Sep 2019 20:16:39 +0000
It feels like markets have been inching toward this point for some time. The point I'm referring to is some constructive commentary regarding trade between the U.S. and China, the world's two largest economies.Source: aapsky / Shutterstock.com News hit the wires last night that representatives of the two nations will meet in Washington, D.C. next month to discuss trade issues. The news sent markets soaring today. Importantly, the S&P 500 broke past some stiff resistance today, encouraging some technical analysts to opine that this rally might have some legs to it. That would be extraordinary, considering September's dubious reputation.Adding to stocks' gains today was a bullish private payroll survey from ADP, which showed the addition of 195,000 private sector jobs in August, easily topping the 148,000 new jobs economists, on average, had expected. The Department of Labor reveals its August jobs number tomorrow before the bell, with economists on average expecting the addition of 160,000 new jobs, with unemployment holding steady at 3.7% and wages growing 3%.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy In a Flat Market Today, the Nasdaq Composite surged 1.75% while the S&P 500 climbed 1.31% to put the technically significant 3,100 level back in play. The Dow Jones Industrial Average gained 1.41%. In late trading, 27 of the Dow's 30 components were higher. Winners GaloreStoked by the trade news, tariff-sensitive Caterpillar (NYSE:CAT) was one of the Dow's best-performing names today, gaining more than 3%.Shares of Caterpillar "headed for the biggest gain since April as trade tensions eased, improving the sales outlook for the world's largest maker of construction and mining equipment," according to Bloomberg.Caterpillar's Thursday move wasn't surprising, but it was a pleasant surprise to see International Business Machines (NYSE:IBM) keeping pace with Caterpillar for top honors in the Dow today.IBM, a good way for conservative investors to get some tech exposure, is on a torrid pace of late, up nearly 4% this week. With today's surge, the stock reclaimed its 50-day moving average. IBM stock could reach $150 to $155 in the near-term.Industrial conglomerate United Technologies (NYSE:UTX) jumped more than 1% following some bullish analyst chatter. Cowen analyst Cai von Rumohr likes United Technologies stock and recommends buying the name right here, right now."Investors seem fixated on the [Raytheon] merger but under-appreciate major cyclical turns at Otis [and] Pratt, [United Tech's] recession resistance, and likely [second-half earnings] beats," von Rumohr said in a Wednesday research report. "With [the] separation [and] merger on track, transactional overhang should abate, offering upside to our $150 [price target]."Exxon Mobil (NYSE:XOM), a name I highlighted yesterday, also gained more than 1% today on news that the largest U.S. oil company is selling its Norwegian oil and gas assets for $4 billion. The move should help the company bolster its cash flow. Exxon's cash position is one reason some analysts remain enthusiastic about the stock. Odds And EndsWith investors flocking to riskier assets today, bond yields soared (finally), helping each of the Dow's financial services components trade noticeably higher on the day. That included Goldman Sachs (NYSE:GS).Underscoring banks' sensitivity to low interest rates, shares of Goldman jumped more than 2% despite noted bank analyst Dick Bove of Odeon Capital cutting his rating on the investment bank to "hold" from "buy." The analyst noted that GS' trimming some high level executives "suggests an unhealthy level of turmoil."The Dow offenders today were defensive names Coca-Cola (NYSE:KO), Johnson & Johnson (NYSE:JNJ) and Procter & Gamble (NYSE:PG). All fell by modest percentages. Bottom LineInvestors got significant help today on the trade front. Tomorrow is a new today and one that brings comments from Federal Reserve Chairman Jerome Powell. If the jobs number is strong and the trade talks appear viable, investors hoping for more rate cuts may want to pin those hopes on 25, not 50, basis points. As it is, some market observers believe global central banks are close to running out of tools."The U.S. is not quite there yet, but we will see as soon as next month how much closer the ECB gets to monetary debasement (we think they're still some ways away, as they haven't fully exhausted their negative interest rate path, it seems)," said BlackRock. "Ironically, the beggar-thy-neighbor implications of competitive devaluations will almost certainly incite a response from countries who may not originally even have needed to resort to currency debasement in the first place, raising the potential for full blown currency war."As of this writing, Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Dow Jones Today: Finally, Some Relief on the Trade Front appeared first on InvestorPlace.
Always® Joins Forces With Sophia Bush and Other Voices for Latest Efforts to Help #EndPeriodPoverty And Keep Girls in School in the U.S.
Thu, 05 Sep 2019 18:33:00 +0000
School supplies are important for every student, but period products are often overlooked as a vital necessity to ensure girls are able to stay in class and focused on their education. This September, Always continues their #EndPeriodPoverty efforts launched in 2018 to raise awareness and take action to help keep girls in school.
AptarGroup's Deal With PureCycle Offers Sustainable Packaging
Thu, 05 Sep 2019 14:02:02 +0000
AptarGroup's (ATR) partnership with PureCycle backs its vision for a circular economy, where materials and products are recycled without being reduced to waste.
Related Posts
Also on Market Tamer…
Follow Us on Facebook