Procter & Gamble (PG) Offering Possible 16.01% Return Over the Next 3 Calendar Days

Procter & Gamble’s most recent trend suggests a bullish bias. One trading opportunity on Procter & Gamble is a Bull Put Spread using a strike $97.00 short put and a strike $92.00 long put offers a potential 16.01% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.00 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $92.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Procter & Gamble is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Procter & Gamble is bullish.

The RSI indicator is at 73.07 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Procter & Gamble

PRESS DIGEST – Wall Street Journal – Feb 11
Mon, 11 Feb 2019 05:29:43 +0000
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