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Look for Shares of Kimberly-Clark to Potentially Rebound after Yesterday's 2.43% Sell Off

By Amy Schwartz

Kimberly-Clark (NYSE:KMB) traded in a range yesterday that spanned from a low of $109.85 to a high of $113.91. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $111.00 on volume of 1.1 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 Kimberly-Clark. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kimberly-Clark in search of a potential trend change.

Kimberly-Clark share prices have moved between a 52-week high of $123.77 and a 52-week low of $97.10 and are now trading 14% above that low price at $110.45 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders kimberly-clark

Ticker(s): KMB