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Bullish Moving Average Cross by Clorox Co (CLX)

By Nick Russo

Today, shares of Clorox Co (NYSE:CLX) have crossed bullishly above their 10-day moving average of $131.11 on a volume of 117K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Clorox Co share prices have moved between a 52-week high of $150.40 and a 52-week low of $111.24 and are now trading 18% above that low price at $131.27 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Clorox Co on January 3rd, 2018 by issuing a Downtrend alert when the shares were trading at $144.37. Since that call, shares of Clorox Co have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses clorox co

Ticker(s): CLX