Gareth Soloway
InTheMoneyStocks
Monday, June 11, 2018
Procter & Gamble Co $PG Nearing Gap Fill
Procter & Gamble Co (PG) continues to push higher as shorts cover and money flows to safer, high-dividend plays. With a move from under $71, Procter & Gamble hovers above $77.50. However, investors should be aware of a major gap fill resistance level coming into play at $78.20. Once hit, expect Procter & Gamble to pull back to $75.50 as consolidation takes hold. Only then should investors think about buying the stock for the next leg up.
