Procter & Gamble: double bottom, fresh buy signal amid sector weakness

Procter & Gamble receives a buy signal in its 1st week, ranking 11th of 12 fresh Longs for US stocks. A double bottom in the 139 area provides the technical foundation, but the Consumer Staples sector is under pressure — XLP lost 2.9% last week — and signal strength stands at 43 out of 100. A viable entry, but one that calls for measured sizing.