Category: Submitted Articles
- Published: 24 January 2018
- Written by Nicholas Santiago
Procter & Gamble Co (NYSE:PG) fell sharply after reporting earnings that missed expectations. The company said their growth was only 2%, which in this market and economy is poor. Investors sold the stock, knocking it down over 3% on the day. Assuming this market stays strong, a major buy level will be at $86.50, based on connecting the recent lows on the stock using a trend line. Note the chart below. This will be a major swing trade bounce opportunity for investors.
Gareth Soloway
InTheMoneyStocks