After Yesterday's Rally of 1.21% Shares Could Potentially Pullback
Colgate-Palmolive (NYSE:CL) traded in a range yesterday that spanned from a low of $74.59 to a high of $75.35. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $74.80 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Colgate-Palmolive on March 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.94. Since that recommendation, shares of Colgate-Palmolive have risen 9.3%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Colgate-Palmolive share prices have moved between a 52-week high of $75.38 and a 52-week low of $50.84 and are now trading 48% above that low price at $75.20 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
Keywords: rebounders Colgate-Palmolive