Procter & Gamble (PG) ($68.52): Set a multi-year high at $70.99 on Dec. 12. The stock is rated buy, is 2.6% overvalued and has a reasonable trailing 12 months P/E of 17.5. The daily chart is negative with the 50-day and 200-day SMAs at $68.87 and $66.32. The weekly chart shifts is negative with a close this week below the five-week MMA at $68.95. My monthly value level is $65.49, with a weekly pivot at $68.36 and quarterly risky level at $70.38.
At the time of publication the author held no positions in any of the stocks mentioned.
This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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