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Watch for Colgate-Palmoliv to Potentially Pullback After Gaining 2.24% Yesterday

By Amy Schwartz

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $72.49 to a high of $72.94. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $71.97 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Colgate-Palmoliv and will alert subscribers who have CL in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Colgate-Palmoliv have traded between a low of $57.41 and a high of $72.85 and are now at $72.78, which is 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL