After Yesterday's Rally of 1.51% Shares Could Potentially Pullback
Colgate-Palmolive (NYSE:CL) traded in a range yesterday that spanned from a low of $73.51 to a high of $74.50. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $73.95 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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 46% above that low price at $74.35 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.
SmarTrend is tracking the current trend status for Colgate-Palmolive and will alert subscribers who have CL in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders Colgate-Palmolive