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Bearish Moving Average Cross by Colgate-Palmoliv (CL)

By David Diaz

Today, shares of Colgate-Palmoliv (NYSE:CL) have fallen below their 10-day MA of $65.98 on a volume of 221K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Colgate-Palmoliv share prices have moved between a 52-week high of $72.61 and a 52-week low of $57.41 and are now trading 14% above that low price at $65.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Colgate-Palmoliv on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.02. Since that recommendation, shares of Colgate-Palmoliv have risen 5.2%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses colgate-palmoliv

Ticker(s): CL