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SmarTrend Watching for Potential Pullback in Shares of Colgate-Palmolive After 1.16% Gain
Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) --
Colgate-Palmolive (NYSE:CL) traded in a range yesterday that spanned from a low of $106.68 to a high of $108.06. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $106.85 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 monitoring the recent change of momentum in Colgate-Palmolive. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Colgate-Palmolive in search of a potential trend change.
Over the past year, Colgate-Palmolive has traded in a range of $87.22 to $110.97 and is now at $107.89, 24% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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