Bollinger Bands Narrow for Procter & Gamble

After a sharp decline and gap down, Procter & Gamble (PG) moved into a tight trading range the last three weeks. The pink lines show a pennant or small triangle taking shape. The blue lines show Bollinger Bands (10,2) narrowing as well. A break below the lower band would be bearish, while a break below the upper band would be bullish.

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