The bearish DailyPlay we chose for Tuesday, Feb 20th is Proctor & Gamble (PG). PG is part of the Consumer Staples Sector (XLP). Over the last month, XLP has experienced a 3.12% move lower and its 1m and 6m trend has turned bearish on 2/5 and recently broke below its $56 support level.
Proctor & Gamble’s 1m and 6m trends turned bearish on 1/23 and recently broke below its $86 support level which now becomes resistance. With a technical score of 2 (out of 10), PG is a bearish stock that is trending lower.
As a stop loss, if PG was to trade above $86 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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