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Bullish Moving Average Cross by Colgate-Palmoliv (CL)

By Amy Schwartz

Today, shares of Colgate-Palmoliv (NYSE:CL) have advanced above their 10-day MA of $73.26 on a volume of 538K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Colgate-Palmoliv share prices have moved between a 52-week high of $74.14 and a 52-week low of $57.41 and are now trading 28% above that low price at $73.76 per share. The 200-day and 50-day moving averages have moved 0.21% higher and 0.62% higher over the past week, respectively.

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 $63.01. Since that recommendation, shares of Colgate-Palmoliv have risen 15.8%. 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