50 Day Moving Average Looking at the one year chart for PG the 50 day moving average doesn't look good.
The last (5) instances were PG has broke the 50 day moving average on a down trend the stock price was followed by a significant drop.
I am long PG but new investors should be cautious also, anyone wishing to add to their position may have better opportunities in the near future.
Chart reference : -
https://www.theglobeandmail.com/globe-investor/markets/stocks/chart/?q=PG-T
imo