Don't Ignore This Chart!: Procter & Gamble Hits New High to Lead Consumer Staples

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Procter & Gamble Hits New High to Lead Consumer Staples

August 27, 2012 at 2:40 PM | written by Arthur Hill

Procter & Gamble (PG), the biggest component in the Consumer Staples SPDR (XLP), surged above pennant resistance and recorded a 52-week high on Monday. The stock is medium-term overbought after a huge advance the last 10 weeks, but remains in a clear uptrend with first support at 66.