Recent 52-Week High Exceeded in Shares of Kimberly-Clark (KMB)
Shares of Kimberly-Clark (NYSE:KMB) traded today at $92.36, breaking its 52-week high. This new high was reached on below average trading volume as 202,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
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) defies analysts with a current price ($92.28) 3.6% above its average consensus price target of $88.97. The stock should discover initial support at its 50-day moving average (MA) of $86.82 and subsequent support at its 200-day MA of $84.29.
In the past 52 weeks, shares of Kimberly-Clark have traded between a low of $70.94 and a high of $92.36 and are now at $92.28, which is 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.
SmarTrend recommended that subscribers consider buying shares of Kimberly-Clark on January 22nd, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $86.93. Since that recommendation, shares of Kimberly-Clark have risen 6.1%. We continue to monitor KMB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows kimberly-clark