Yesterday Colgate-Palmolive Company(NYSE:CL) one of the leading brands and equities for consumer products sold off sharply as earnings disappointed investors. This household brand has now fallen close to 10% after putting a topping tail in place in mid July. Colgate-Palmolive Company(NYSE:CL) is now oversold and should see a quick bounce as it approaches key trend line support among other technical factors.
Colgate-Palmolive Company(NYSE:CL) Will have support at the $62.22 area. This level will give investors as well as traders an opportunity for a quick multi day move up. For precise entry and exit levels in many equities and to get live trade alerts join us at The Elite Round Table. You can also join our FREE email list to get important market updates.
Kiliam Lopez
Elite Round Table, Pro Trader
@KliiamLopez
