Procter & Gamble is soon to see good times Ahead
TECHNICALS -
- Procter & Gamble has formed a nice Positive Divergence or Hidden Bullish Divergence pattern on the Monthly chart indicating upside momentum on the chart
- It has also Reversed Twice from a Strong Support level which had earlier acted as Resistance level indicating further upside potential for the stock
- It has also tested 50 Day Moving Average and has reversed from it nicely
FUNDAMENTALS -
- It is in the sector of Consumer Non-Durable Goods (healthcare & hygiene) which is an all-weather sector making the stock immune even to the upcoming recession (if it comes at all)
- Its EBITDA & Net Profit Margin growth stands at 24% & 17% which beats almost 90% of its peers and ROE is at 31% which is the industry standard
- If that's not enough then the stock also gives a dividend with yield at 2.72% and it has paid dividend for 133 years and raised dividend for 67 consecutive years, what could be a better alternative than such a stable dividend paying stock during the upcoming downturn in the market (if it comes)