Consumer-Products Sector Keeps Falling: Here's My Clorox Trade
InTheMoneyStocks.com | May 14, 2018 02:21PM ET
Consumer products manufacturer Clorox Company (NYSE:CLX) took a hit Monday, shedding $1.88 to $118.66 a share. It's important to remember that the consumer products group as a whole has been very weak since late December 2017. Back then, CLX traded as high as $150.40 a share.h3 Down Trend In Tact/h3
It's easy to see that the trend remains down at this point for CLX and its peers. The stock's next major support should be around $111, which is where it found defense in November 2016 – and where it should again find support when retested.
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