Nicholas Santiago
InTheMoneyStocks
Monday, May 14, 2018
Know This Trade Level For This Leading Consumer Products Company $CLX
This morning, leading consumer products manufacturer, Clorox Co (NYSE:CLX), is declining lower by $1.88 to $118.66 a share. It should be noted that this consumer products industry group has been very weak since late December 2017. At that time, CLX stock was trading as high as $150.40 a share. It is easy to see that the trend remains down at this time for CLX and its peers. The next major support level will be around the $111.00 area. This is where the stock was defended in November 2016 and will likely be supported again when retested.
