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Colgate-Palmoliv Falls 1.15% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $69.92 to a high of $70.98. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $70.51 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Colgate-Palmoliv has traded in a range of $63.43 to $77.91 and is now at $70.03, 10% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.55% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Colgate-Palmoliv on January 26th, 2018 by issuing a Downtrend alert when the shares were trading at $73.37. Since that call, shares of Colgate-Palmoliv have fallen 3.4%. 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