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. Register for a free 30 Trial to OptionsPlay!
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Retested $80 resistance level and bounced lower off it, suggests continuation lower.
ปิดการเทรด: ถึงเป้าหมายการทำกำไร
Target reached at $75 today. Look to take profits on this short.