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Watch for Colgate-Palmoliv to Potentially Rebound After Falling 1.15% Yesterday

By James Quinn

Colgate-Palmoliv (NYSE:CL) traded in a range yesterday that spanned from a low of $69.92 to a high of $70.98. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $70.51 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Colgate-Palmoliv share prices have been bracketed by a low of $63.43 and a high of $77.91 and are now at $70.03, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Colgate-Palmoliv on January 26th, 2018 by issuing a Downtrend alert when the shares were trading at $73.37. Since that call, shares of Colgate-Palmoliv have fallen 3.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders colgate-palmoliv

Ticker(s): CL