There is no complicated science here.
The trend is your friend until its broken.
The major trend right now is down and it just broke the short-term bounce-back so it's a good time to SELL with a small position size, there is plenty of room down towards the support line.
CL looks good.
I really like the weekly chart even though the trend lines are under the cloud.
The stock is oversold.
Indicators are turning up.
Looking for a few points moving into earnings.
Position: 3000 SHARES
PURCHASE PRICE: $65.80
I'm in NYSE:CL at $62.00.
It counts with everything i look for in a swing trade.
Positive RSI and MACD about to crossover = Bullish.
I plan on taking profits at +- $68.
It somewhat a value play, due to that i believe the stock is very cheap right now.
Share your opinion, comments and questions. Good Luck!
Risk Level: Low - Moderate.
I will keep updating...
From our last analysis on September this share has dropped a lot, and we think that now is oversold. It remain a possibile target for a mega-merger and the target price could be between 85,00 and 95,00 dollars per share.
Suitable for conservative investors, dominat global position, steady dividend,
Dividend yeld @ 2.72%.
Total debt: 6.5 billions,
Annual...
Suitable for conservative investors, dominat global position, steady dividend,
In our view the company is a possibile target for a mega-merger and the target price could be between 85,00 and 95,00 dollars per share.
However, if the assumption of a merger does not arrive, we believe that CL is overvalued. And we think it is plausible to have a retraction that...
Here's another good one. Does nothing for many years and now finally breaking out, with good volume and rising relative strength. 24x earnings / 2% dividend yield while you wait. You'll sleep well at night holding this one.
