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JimVanMeerten (63.09)

Is P&G in your pantry?

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August 24, 2011 – Comments (0) | RELATED TICKERS: PG

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There are certain stocks that just deserve to be in all long term, conservative portfolio and one of those should be Proctor and Gamble (PG).  If you need a stock with A ++ financial strength. earnings that are almost 100% predictable and has one of the most stable prices of any stock this is it.  Oh, did I mention a 3.44% dividend that is only 50% of earnings?

Barchart technical indicators:

1 - 60% Barchart short term technical buy signal

2 - Trend Spotter hold signal about to cross over to buy

3 - Trading above its 20 and 50 day moving averages

4 - The Relative Strength Index is 57.98% and rising

5 - Barchart computes a technical support level at 61.26

6 - The stock recently traded at 63.19 which is above its 50 day moving average of 62.62

Summary: Proctor and Gamble (PG) should be a core holding in most long term conservative portfolios.  The sales and earning growth isn't spectacular but it is sure and steady and the 3.44% dividend is better than the 2.11% you can expect from a 10 year US Government bond. especially given the fact that PG keeps increasing the dividend.


Jim Van Meerten is a Marketocracy Master

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