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Look for Shares of Kimberly-Clark to Potentially Pullback after Yesterday's 1.28% Rise

By James Quinn

Kimberly-Clark (NYSE:KMB) traded in a range yesterday that spanned from a low of $107.40 to a high of $108.94. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $107.79 on volume of 534,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Kimberly-Clark have traded between a low of $97.10 and a high of $123.77 and are now at $108.52, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kimberly-Clark on September 28th, 2018 by issuing a Downtrend alert when the shares were trading at $113.15. Since that call, shares of Kimberly-Clark have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kimberly-clark

Ticker(s): KMB