Procter & Gamble (NYSE: PG) is Just 50 Cents Away From a Technical Breakdown

On this blue chip's chart we see a variation of a head-and-shoulders top. This pattern is marked by a central peak flanked by two smaller peaks, and the lows between the peaks are roughly equal.

This tells us the stock pulled back harder the last time than it did the time before, and then the ensuing rally failed to set a higher high to drive home the point that the trend was in danger. (more)

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