Colgate-Palmolive Crosses Below its 10-day MA (CL)
Colgate-Palmolive (NYSE:CL) crossed under its 10-day moving average of $74.60 on a volume of 605K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Colgate-Palmolive has traded in a range of $50.84 to $75.38 and is now at $74.42, 46% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
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 10.8%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Colgate-Palmolive