Here's Where I'll Buy Colgate-Palmolive
InTheMoneyStocks.com | Feb 28, 2018 11:55AM ET
Since interest rates have been rising, many of the leading consumer staples stocks have been under pressure. Colgate-Palmolive (NYSE:CL) is trading lower by $0.58 to $69.34 a share. This leading consumer goods stock topped out on January 19 at $77.91 a share. Since that high pivot, the price has fallen below the important 50- and 200-day moving averages, putting the stock in a weak technical position on the charts.h3 Watch This Support/h3
The next major support area for CL is around $66, which is where the stock will look very attractive for a long-side trade.
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