Procter & Gamble Co., (PG Stock) announces slightly better-than-expected quarterly earnings

AAATrade Team AAATrade

Today’s instrument is the Procter & Gamble Co., which is traded in NYSE exchange under the ticker PG.

Looking at the PG’s chart, we can see that the stock was lastly traded at around $142.50.

Yesterday, PG announced slightly better than expected quarterly earnings, and today we should expect a rise of the price towards its soft resistance level at around $146 and if it will be able to break through it then it could approach its next resistance level at around $150-152.

Author

AAATrade Team

AAATrade

The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.

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