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Bullish Moving Average Cross by Kimberly-Clark (KMB)

By Amy Schwartz

Today, shares of Kimberly-Clark (NYSE:KMB) have crossed bullishly above their 10-day moving average of $108.68 on a volume of 517K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Kimberly-Clark share prices have moved between a 52-week high of $138.87 and a 52-week low of $104.58 and are now trading 4% above that low price at $108.97 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kimberly-Clark on March 1st, 2018 by issuing a Downtrend alert when the shares were trading at $111.62. Since that call, shares of Kimberly-Clark have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kimberly-clark

Ticker(s): KMB