Procter Gamble (PG) stock price jumped sharply higher in its latest intraday trading after successfully overcoming the negative pressure from its 50-day SMA. This generated positive momentum that helped the stock break above a short-term bearish trend line, supported by positive signals from the Stochastic indicators. These developments provide a clear indication of the stocks intention to extend its gains and target new resistance levels.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $141.85 support level, targeting the key resistance level at $152.40.

Todays price forecast: Bullish.