2024-05-16 11:15:09 ET
Summary
- The Procter & Gamble Company stock has broken through a multi-year resistance level near $155.
- Technical indicators suggest near-term momentum and higher prices.
- Such potential is well-supported by business fundamentals.
- Its valuation is reasonable, profitability is terrific, and margins are expected to further expand.
PG stock has overtaken $155 resistance
My thesis for this article is quite straightforward. First, I will argue from a technical perspective that The Procter & Gamble Company ( PG ) stock has recently overtaken a multi-year resistance level near $155. And secondly, I will argue that there are fundamental ongoing catalysts that could push its stock prices even higher....
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Procter & Gamble Stock Has Broken Out (Technical Analysis)