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Look for Shares of Colgate-Palmoliv to Potentially Pullback after Yesterday's 2.23% Rise

By Shiri Gupta

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $60.95 to a high of $62.49. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $61.44 on volume of 2.2 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 $57.41 and are now trading 8% above that low price at $62.13 per share. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Colgate-Palmoliv on October 4th, 2018 by issuing a Downtrend alert when the shares were trading at $64.99. 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