Bullish Moving Average Cross by Colgate-Palmolive (CL)
Colgate-Palmolive (NYSE:CL) crossed over its 10-day moving average of $74.25 on a volume of 569K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, shares of Colgate-Palmolive have traded between a low of $50.84 and a high of $75.34 and are now at $74.65, which is 47% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
SmarTrend recommended that subscribers consider buying shares of Colgate-Palmolive on March 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.94. Since that recommendation, shares of Colgate-Palmolive have risen 9.0%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Colgate-Palmolive