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After Yesterday's Rally of 1.18% Shares Could Potentially Pullback

By Nick Russo

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $71.65 to a high of $72.43. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $71.95 on volume of 832,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

In the past 52 weeks, shares of Colgate-Palmoliv have traded between a low of $57.41 and a high of $76.41 and are now at $72.20, which is 26% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL