Procter ready for a Turnaround?

[borsengelaber]

Procter & Gamble offering consumer golds and maybe an entry chance

Procter & Gamble (P&G) is a global leader in consumer goods, offering trusted brands like Tide, Pampers, Gillette, and Olay. Founded in 1837, P&G drives innovation and sustainability across beauty, health, and home care.

If we look at the chart of Procter & Gamble we can see it had a hard time lately. Price fell about -15% from its ATH which is quite a volatility for a blue chip stock like $PG. The company is struggling like many consumer goods producers from inflated costs and a slowing demand.

Now we are approaching several horizontal support zones that could turn this stock around again. Smaller one is at $150 and a quite significant one at about $140, which would be more than -20% from ATH, a quite nice anticyclic buy chance if you believe in a comeback of P&G.

I am watching this closely and might place a trade if we fall further and $140 holds.

Comments

[lammbock]

Wird Zeit, dass es wieder nach oben geht. Sieht bei mir ziemlich rot aus :D

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[toofasteddie]

good one

[davideownzall]

Don't forget they have also Pringles! It's a huge company, could be a good bet

[borsengelaber]

Oh, they sold Pringles to Kellogg Company in 2012 already. No food business anymore. Margins to small I guess

[geneeverett]

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[finpulse]

P&G has got a big portfolio in the consumer goods segment

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