Wednesday, February 28, 2018 11:34:12 AM
Since interest rates have been rising many of the leading consumer staples stocks have been under pressure. Today, Colgate-Palmolive Co (NYSE:CL) is trading lower by $0.58 to $69.34 a share. This leading consumer goods stock topped out on January 19, 2018 at $77.91 a share. Since that high pivot price in the stock the share have fallen below the important 50 and 200-day moving averages. This is putting the stock in a weak technical position on the charts. The next major support area for CL stock will be around the $66.00 level. This is where the stock will look very attractive for a long side trade.
Nicholas Santiago
InTheMoneyStocks
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