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SmarTrend Watching for Potential Rebound in Shares of Kimberly-Clark After 2.43% Loss

By Nick Russo

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.

In the past 52 weeks, Kimberly-Clark share prices have been bracketed by a low of $97.10 and a high of $123.77 and are now at $110.45, 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Keywords: rebounders kimberly-clark

Ticker(s): KMB