After Yesterday's Rally of 1.05% Shares Could Potentially Pullback
Clorox (NYSE:CLX) traded in a range yesterday that spanned from a low of $122.67 to a high of $124.87. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $123.22 on volume of 547,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Clorox have traded between a low of $103.77 and a high of $140.47 and are now at $123.99, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.02% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Clorox on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $132.06. Since that call, shares of Clorox have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders Clorox