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PGCO34 trade ideas

PG is very strong in this collapseDow component and consumer staples giant PG has only falled 5.6% from the highs, compared to nearly 20% in the general market. It did not participate in the second of the three collapses in Q4. The price action from July-August can now be seen as the upper half of a pitchfork, and we are now at the lower half and right on the 50-day SMA. This is a gamble on Q4 being a correction not the start of a bear market, of course, hence my tight 1.5% stop.
NYSE:PGLong
by adatherton
1
Attack of the Proctoids!This is another Great American company that has lost its way in the weeds of financial engineering. Apparently, that whole idea of selling off ‘mature’ (profitable) brands hasn’t translated into stock price appreciation. It also suffers from management by consensus. Bet the employees get to go to great Team Building camps. This company would outperform if it got back to its roots researching new consumer products, and developing (even acquiring) small brands into large profitable businesses. This stock would make a good addition to one’s income producing side of one’s portfolio when it gets back down to around $26 in the next couple years. Probably could trade out your TLT’s for it at the stock market bottoms.
NYSE:PGShort
by Cincinnatuus
Looking for a PG Pull BackLooking back, we are just above the historical resistance level ~$94 dollars that rejected $PG on several occasions. I'd keep an eye on this through the close and into opening next week. If today's highs mark the end of the most recent rally, I'd expect a pull back to the $91 range, and potentially down to $88.50. I'd be surprised to see this continue to rip, given where it's been, as low as $71 back in April. I don't see it going back to those levels, but a retest of $86 would be better for the long term health.
NYSE:PGShort
by Swingman39
1
PG hits a P9 on the daily chart, as well as oversoldI sold a portion of my position on the last 9 on October 29th to take some profit in a down market, even though the stock continues to rise after. I am now selling the remaining position on this 9 because of the market conditions as well as the stock being oversold. I will look to get back in on a dip. Trading is about position risk and I feel this position is in prime position to drop from these levels, trade careful I would recommend trimming positions here as well as not buying if you do not have any positions.
NYSE:PGShort
by chickenfeast
3