PG – Sell to Open


The Procter & Gamble Company (P&G), together with its subsidiaries, provides branded consumer goods products.

I’m surprised that, with the favorable news coming out for PG, market still selling down this stock. Price failed to close above 50sma today with steadily increasing down volume the past few days. As my dad always says, ignore news, listen to the market !

I’m opening a short, at market, thursday with initial stop on a close above 67.79.