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Clorox: The Winning Streak Continues (CLX)

By Nick Russo

Shares of Clorox (NYSE:CLX) traded at a new 52-week high today of $140.47. So far today approximately 146,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

In the past 52 weeks, shares of Clorox have traded between a low of $103.77 and a high of $140.47 and are now at $138.95, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.3%.

Clorox (NYSE:CLX) is currently priced 12.3% above its average consensus analyst price target of $121.83. The stock should discover initial support at its 50-day moving average (MA) of $126.60 and subsequent support at its 200-day MA of $122.64.

The Clorox Company produces and markets non-durable consumer products sold primarily through grocery and other retail stores. The Company's principal products include household cleaning and bleach products, charcoal, cat litter, automotive care products, dressings, and trash bags. Clorox markets its products in the United States and other countries around the world.

SmarTrend recommended that subscribers consider buying shares of Clorox on May 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $130.57. Since that recommendation, shares of Clorox have risen 6.6%. We continue to monitor CLX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Clorox

Ticker(s): CLX