NEW YORK (TheStreet) -- Procter & Gamble Co. (PG) - Get Report shares are declining by 0.21% to $82.17 in early afternoon trading on Friday.

Earlier this week, the company said it would divest its antibacterial soap brand, Escudo, in Mexico and other Latin American countries to Kimberly-Clark Corp.'s (KMB) Mexican unit.

The sale is expected to close during the first half of 2016 subject to regulatory approvals.

Overall, Procter & Gamble has been working to slim down its product portfolio and focus on new strategies, according to Zacks Equity Research.

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Cincinnati, OH-based Procter & Gamble manufactures and sells branded consumer products worldwide.

TheStreet's Chris Versace and Bob Lang have identified Procter & Gamble as the "Chart of the Day." Here's what they had to say about the company:

With the rotation from growth to value still happening in 2016, there is no surprise names like Procter & Gamble are getting some money flows.

The move up from the lows in September has been spectacular. The channel is well intact, and after a nice surge to start the year (unlike many others, this stock is up strong so far this year) we see this pausing and creating a bull flag/pennant.

What's nice is this has occurred on lower turnover, what you like to see during consolidation. The momentum indicator is solidly in bullish territory, but if/when there is an opportunity like in early February (arrow), that would be the time to take advantage.

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Chris Versace and Bob Lang's "Chart of the Day: Procter & Gamble" was originally published on 2/26/16 on Trifecta Stocks.

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