Ticker: PG
Sector: Consumer Defensive | Household & Personal Products
Average Beta: 0.41
Set up: Head & Shoulders
Entry Price: 130.31
Stop Loss: 126.47
Price Target: 150+
Scale in/out: Scaling in as volume picks up supporting the bids as it crosses the 130 phycological figure. Scaling out to pay for the trade but from then set til target.
Will you trail: Will trail with previous day LOD
Next Earnings: April 20th
Previous Earnings: January 20th
ATR: 2.12 Dollars
ATV: 7.60 Million
Spread: 5c - 15c
Support: 126 Pivot
Resistance: 130, 133.5, 140, 145, ATH, Phycological Figures after ATH
Key Levels: 126, 130, 140, ATH
Short Interest: 0.67%
I really like this trade since PG is coming off of a healthy pullback from highs and has consolidated enough looking ready for a rebound back up. The head and shoulders is clear along with the resistance and support being tested levels. Otherwise, if this trade does not reach entry very soon it is completely fine as a bit of consolidation wouldn't hurt the trade but instead clear up the support and resistance levels even further.
The only issue is that it is very low beta but on the other hand there isn't really anything holding this trade back.
Sector: Consumer Defensive | Household & Personal Products
Average Beta: 0.41
Set up: Head & Shoulders
Entry Price: 130.31
Stop Loss: 126.47
Price Target: 150+
Scale in/out: Scaling in as volume picks up supporting the bids as it crosses the 130 phycological figure. Scaling out to pay for the trade but from then set til target.
Will you trail: Will trail with previous day LOD
Next Earnings: April 20th
Previous Earnings: January 20th
ATR: 2.12 Dollars
ATV: 7.60 Million
Spread: 5c - 15c
Support: 126 Pivot
Resistance: 130, 133.5, 140, 145, ATH, Phycological Figures after ATH
Key Levels: 126, 130, 140, ATH
Short Interest: 0.67%
I really like this trade since PG is coming off of a healthy pullback from highs and has consolidated enough looking ready for a rebound back up. The head and shoulders is clear along with the resistance and support being tested levels. Otherwise, if this trade does not reach entry very soon it is completely fine as a bit of consolidation wouldn't hurt the trade but instead clear up the support and resistance levels even further.
The only issue is that it is very low beta but on the other hand there isn't really anything holding this trade back.