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Look for Shares of Colgate-Palmoliv to Potentially Rebound after Yesterday's 2.19% Sell Off

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.

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.

Colgate-Palmoliv share prices have moved between a 52-week high of $76.41 and a 52-week low of $57.41 and are now trading 23% above that low price at $70.79 per share. The 200-day and 50-day moving averages have moved 0.35% higher and 0.14% higher over the past week, respectively.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL