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After Yesterday's Rally of 1.86% Shares Could Potentially Pullback

By Shiri Gupta

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $63.06 to a high of $64.04. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $63.12 on volume of 2.5 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-Palmoliv share prices have moved between a 52-week high of $77.91 and a 52-week low of $61.28 and are now trading 4% above that low price at $63.72 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Colgate-Palmoliv on April 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $66.68. Since that call, shares of Colgate-Palmoliv have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL