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Kimberly-Clark Bearish Moving Average Crossover Alert (KMB)

By Shiri Gupta

Today, shares of Kimberly-Clark (NYSE:KMB) have crossed bearishly below their 10-day moving average of $135.61 on a volume of 217K 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.

In the past 52 weeks, shares of Kimberly-Clark have traded between a low of $99.36 and a high of $138.98 and are now at $134.76, which is 36% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Kimberly-Clark on February 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $114.38. Since that recommendation, shares of Kimberly-Clark have risen 19.0%. We continue to monitor KMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses kimberly-clark

Ticker(s): KMB