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

By Nick Russo

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 $141.51 and $142.17 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.

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.

Kimberly-Clark (NYSE:KMB) is currently priced 22.6% above its average consensus analyst price target of $109.57. The stock should find initial support at its 50-day moving average (MA) of $136.80 and further support at its 200-day MA of $123.01.

In the past 52 weeks, shares of Kimberly-Clark have traded between a low of $100.32 and a high of $143.16 and are now at $141.62, which is 41% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0.32% higher over the past week, respectively.

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 $114.39. Since that recommendation, shares of Kimberly-Clark have risen 24.8%. 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