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Clorox Crosses Above its 10-day MA (CLX)

By Shiri Gupta

Today, shares of Clorox (NYSE:CLX) have crossed bullishly above their 10-day moving average of $125.13 on a volume of 105K 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.

Over the past year, Clorox has traded in a range of $103.77 to $140.47 and is now at $125.43, 21% above that low. Over the last five market days, 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 on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $132.06. Since that call, shares of Clorox have fallen 5.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Clorox

Ticker(s): CLX