Procter & Gamble Co. stock trades under the ticker PG & has shown recent bullishness that traders & investors should research further into.
PG stock closed at $143.99/share on 7/25/2022.
Procter & Gamble Co. PG Stock’s Technical Performance Broken Down
PG Stock Price: $143.99
10 Day Moving Average: $143.10
50 Day Moving Average: $143.10
200 Day Moving Average: $149.50
RSI: 52.8
MACD: -0.028
Yesterday, PG stock completed a bullish MACD crossover, breaking out & settling above both their 10 & 50 day moving averages.
Their recent momentum may be unsustainable though, with recent trading volumes being below average compared to the year prior & their RSI is neutral.
They will need to stay above the $142.57 & $143.79/share support levels, and will need to break above the $144.30/share resistance level to continue climbing higher.
Procter & Gamble Co. PG Stock As A Long-Term Investment
Long-term oriented investors will like PG stock’s 25 P/E (ttm), but will find their 7.69 P/B (mrq) to be too high.
They recently reported 7% Quarterly Revenue Growth Y-o-Y, with 2.6% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require a closer examination, with $8.53B of Total Cash (mrq) & $33.67B of Total Debt (mrq).
PG stock pays a 2.43% dividend yield, which may not be sustainable in the long-run, as their payout ratio is 60.83%.
65.9% of PG stock’s outstanding share float is owned by institutional investors.
Procter & Gamble Co. PG Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from price movements in PG stock, while hedging against broader market volatility.
I am looking at the contracts with the 8/19 expiration date.
The $140, $142 & $141 call options are all in-the-money, listed from most to least liquid.
The $145, $144 & $147 puts are also in-the-money, with the former having more open interest than the latter two strikes.
Tying It All Together
Proctor & Gamble stock has many interesting characteristics that traders & investors are sure to like.
Investors will like their recent growth & their dividend yield, but may want to research their balance sheet further to find more clues about how sustainable the yield is.
Traders will like their recent market performance amid volatility, as well as the liquidity of their options.
All-in-all, PG stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF PG STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***