Blue-Chip Bull Signal Has Never Been Wrong

PG options are affordably priced, too

Digital Content Manager
Sep 18, 2020 at 1:40 PM
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The shares of Procter & Gamble Co (NYSE:PG) are down 0.8% at $137.10 this afternoon. And while the notorious consumer goods stock just hit an all-time-high of $141.70 on Sept. 3, it's sitting on a 0.9% deficit for September. The silver lining is that this mini-pullback has the blue-chip stock near a historically bullish trendline could help the security surge even higher in the coming weeks.

Specifically, the equity just came within one standard deviation of its 40-day moving average, after spending the past two months far above the trendline. According to data from Schaeffer's Senior Quantitative Analyst Rocky White, seven similar signals have occurred during the past three years. PG enjoyed positive returns one month after each signal, averaging a 3.4% gain. A similar move from its current perch would put the security at new record highs.


For those wanting to take advantage of PG's next leg higher, options are an intriguing route. The stock's Schaeffer's Volatility Index (SVI) of 20% sits higher than just 10% of readings in its annual range, suggesting short-term options are pricing in relatively low volatility expectations.


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