Break below $80 support brings more pain ahead

1 Mar 2018

P&G is showing weak relative strength in a weak sector (Consumer Staples) and just broke below a key $80 support level. This is likely to bring more pain ahead for this stock as it pulls back spending on weaker revenue growth. Use options to limit your risk such as Put Vertical debit spreads.
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7 Mar 2018

İşlem aktif

Retested $80 resistance level and bounced lower off it, suggests continuation lower.

19 Nis 2018

İşlem kapandı: hedefe ulaştı

Target reached at $75 today. Look to take profits on this short.