| Procter & Gamble has issued a buy signal from a double bottom formation. The signal indicates a possible upturn to $152 over the next 4 weeks. For this to happen, the stock has to break the downtrend. The bottoms were found on significant volume peaks, which strengthens the signal. Support is found at $142 and $138, while the stock meets resistance at $145 and $147. Risk/Reward Given the current price of $142, a gain to $152 offers a potential upside of 7%. The last time the stock had a double bottom formation was in April, where an upturn from $157 to $174 was indicated within 1 month. The stock peaked at $169.89 after 3 weeks and continued downwards. Given the current downtrend, the risk makes for a less attractive opportunity, and the cautious investor should await stronger signals and a break of the trend to reduce the overall risk. Consumer stocks are generally flashing increasingly positive signals, which may indicate a change in investor sentiment and expectations for the sector. | 
