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Watch for Shares of Colgate-Palmoliv (CL) to Approach Resistance at $66.50

By Shiri Gupta

Shares of Colgate-Palmoliv (NYSE:CL) opened today above their pivot of $66.23 and have already reached the first level of resistance at $66.36. Analysts will be watching for a cross of the next upside pivot targets of $66.50 and $66.77.

Potential upside of 8.2% exists for Colgate-Palmoliv, based on a current level of $66.49 and analysts' average consensus price target of $71.95. The stock should discover initial support at its 200-day moving average (MA) of $64.38 and subsequent support at its 50-day MA of $64.16.

In the past 52 weeks, shares of Colgate-Palmoliv have traded between a low of $57.41 and a high of $72.61 and are now at $66.49, which is 16% above that low price. The 200-day and 50-day moving averages have moved 0.10% higher and 0.82% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Colgate-Palmoliv on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.02. Since that recommendation, shares of Colgate-Palmoliv have risen 5.1%. We continue to monitor CL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts colgate-palmoliv

Ticker(s): CL