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Colgate-Palmoliv Set to Possibly Rebound After Yesterday's Selloff of 2.19%

By Amy Schwartz

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $70.68 to a high of $71.17. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $71.18 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $70.79, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL