Procter and Gamble Company (The)(PG) is in an downtrend but momentum is showing some life

(28-Feb-2008) (28-Feb-2008) Procter and Gamble Company (The)(PG) closed at 67.21, down -0.47 or -0.69 % today. Based on our analysis, Procter and Gamble Company (The)(PG) is in an downtrend but momentum is showing some life.

The closing price of Procter and Gamble Company (The)(PG) is below its 50 day moving average of 68.94 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Procter and Gamble Company (The)(PG) is gaining momentum. An downtrend with sustained rising momentum could be early sign of reversal. The MACD histogram crossed above the signal line on 5-Feb-2008, about 17 trading days ago.