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Swing Trade Idea (PG) – June 14, 2022

Our bearish trade for Tuesday, June 14th is The Procter & Gamble Company (PG). PG is part of the Consumer Staples sector, which has performed at -7.18% over the last month.

PG recently broke below a key support level of $142, and it is expected that this level will continue to hold as resistance, at least for the duration of this trade. This provides a good risk/reward bearish entry. 

As a close, if PG were to trade above $142 for multiple days, this would invalidate our analysis and we will consider cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $4.18.