• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Kimberly-Clark (NYSE:KMB)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Kimberly-Clark (NYSE:KMB) based on the price action in the company's shares. Today's price range of $121.64 and $121.64 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Kimberly-Clark may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, Kimberly-Clark has traded in a range of $97.10 to $122.89 and is now at $121.64, 25% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

Kimberly-Clark Corporation is a global health and hygiene company that manufactures and provides consumer products. The Company's products include diapers, tissues, paper towels, incontinence care products, surgical gowns, and disposable face masks. Kimberly-Clark's products are sold in countries around the world.

Based on a current price of $121.64, Kimberly-Clark is currently 9.9% above its average consensus analyst price target of $109.57. The stock should find initial support at its 50-day moving average (MA) of $115.93 and further support at its 200-day MA of $111.88.

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 6.7%. We continue to monitor KMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle kimberly-clark

Ticker(s): KMB