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Recent 52-Week High Exceeded in Shares of Colgate-Palmoliv (CL)

By Amy Schwartz

Shares of Colgate-Palmoliv (NYSE:CL) traded at a new 52-week high today of $74.46. This new high was reached on below average trading volume as 425,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.

Colgate-Palmoliv (NYSE:CL) is currently priced 3.3% above its average consensus analyst price target of $71.95. The stock should discover initial support at its 50-day moving average (MA) of $72.26 and subsequent support at its 200-day MA of $66.41.

Over the past year, Colgate-Palmoliv has traded in a range of $57.41 to $74.46 and is now at $74.41, 30% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

Colgate-Palmolive Company is a consumer products company that markets its products throughout the world. The Company's products include toothpaste, toothbrushes, shampoos, deodorants, bar and liquid soaps, dishwashing liquid, and laundry products, as well as pet nutrition products for cats and dogs.

SmarTrend recommended that subscribers consider buying shares of Colgate-Palmoliv on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.01. Since that recommendation, shares of Colgate-Palmoliv have risen 18.0%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows colgate-palmoliv

Ticker(s): CL