Procter & Gamble's most recent trend suggests a bullish bias. One trading opportunity on Procter & Gamble is a Bull Put Spread using a strike $86.00 short put and a strike $81.00 long put offers a potential 7.99% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $86.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock dropped below the $81.00 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 71.01 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Procter & Gamble
Argentina suspends Procter & Gamble operations
Mon, 03 Nov 2014 03:42:55 GMT
Argentina suspends Procter & Gamble operations
Mon, 03 Nov 2014 03:42:55 GMT
Argentina accuses Procter & Gamble of tax fraud, says suspends operations
Mon, 03 Nov 2014 03:18:07 GMT
Argentina accuses Procter & Gamble of tax fraud, says suspends operations
Mon, 03 Nov 2014 03:10:57 GMT
Reuters – Argentina has accused Procter & Gamble , the world's No. 1 household products maker, of tax fraud and said it suspended its operations in the South American country, according to a statement issued on Sunday by the country's AFIP tax authority. Argentina accused the company of over-billing $138 million in imports to get money out of the country, according to the statement, which was published on Argentina's presidential website (www.prensa.argentina.ar). “P&G funneled currency abroad and hid income that was subject to tax in Argentina,” it said.
Argentina accuses Procter & Gamble of tax fraud, halts operations
Mon, 03 Nov 2014 00:24:39 GMT
Reuters – Argentina has accused the world's No. 1 household products maker, Procter & Gamble, of tax fraud and suspended its operations in the South American country, according to a statement issued on Sunday by the AFIP tax authority. The accusation is that the company over-billed $138 million in imports to get money out of the country, according to the statement, which was published on Argentina's presidential website (www.prensa.argentina.ar). “P&G funneled currency abroad and hid income that was subject to tax in Argentina,” it said. Procter & Gamble did not immediately respond to requests for comment.
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