Kimberly-Clark Bullish Moving Average Crossover Alert (KMB)
Today, shares of Kimberly-Clark (NYSE:KMB) have advanced above their 10-day MA of $123.40 on a volume of 335K shares. This may provide swing traders with 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 $103.04 and are now trading 20% above that low price at $123.70 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 July 28th, 2016 by issuing a Downtrend alert when the shares were trading at $130.25. Since that call, shares of Kimberly-Clark have fallen 6.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses kimberly-clark