Dec 18, 2012 (Pivot alerts via COMTEX) -- Shares of Procter & Gamble (NYSE:PG) have bearishly opened below the pivot of $69.90 today and have reached the first support level of $69.65. Analysts will be watching for a cross of the next downside pivot targets of $69.37 and $68.85.

There is potential upside of 5.7% for shares of Procter & Gamble based on a current price of $69.50 and an average consensus analyst price target of $73.47. The stock should find initial support at its 50-day moving average (MA) of $68.83 and further support at its 200-day MA of $66.24.

The Procter & Gamble Company manufactures and markets consumer products in countries throughout the world. The Company provides products in the laundry and cleaning, paper, beauty care, food and beverage, and health care segments. Proctor & Gamble's products are sold primarily through mass merchandisers, grocery stores, membership club stores, drug stores, and neighborhood stores.

Over the past year, Procter & Gamble has traded in a range of $59.07 to $70.99 and is now at $69.50, 18% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.16% higher over the past week, respectively.

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