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After Yesterday's Rally of 1.16% Shares Could Potentially Pullback

By Nick Russo

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $68.67 to a high of $71.38. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $71.23 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Colgate-Palmoliv has traded in a range of $57.41 to $76.41 and is now at $71.19, 24% above that low. The 200-day and 50-day moving averages have moved 0.15% higher and 0.11% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Colgate-Palmoliv. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Colgate-Palmoliv in search of a potential trend change.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL