Colgate-Palmolive Company, together with its subsidiaries,
manufactures and markets consumer products worldwide. It offers oral
care products, including toothpaste, toothbrushes, and mouth rinses, as
well as dental floss and pharmaceutical products for dentists and other
oral health professionals; personal care products comprising liquid hand
soaps, shower gels, bar soaps, deodorants, antiperspirants, shampoos,
and conditioners; and home care products, such as laundry and
dishwashing detergents, dishwashing liquids, household cleaners, oil
soaps, bleaches, and fabric conditioners. The company provides its oral,
personal, and home care products primarily under the Colgate Total,
Colgate Sensitive Pro-Relief, Colgate Max Fresh, Colgate Optic White,
Colgate Luminous White, Colgate 360°, Colgate Plax, Palmolive, Protex,
Softsoap, Sanex, Irish Spring, Speed Stick, Lady Speed Stick, Caprice,
Ajax, Axion, Fabuloso, Murphy's, Suavitel, Soupline, Sorriso, Kolynos,
elmex, Tom's of Maine, and Mennen brand names to wholesale and retail
distributors.
To review Colgate's stock, please take a look at the 1-year chart of
CL (Colgate-Palmolive Company) below with my added notations:
For the last (4) months CL has been forming a simple chart pattern
known as a symmetrical triangle. Combining a down trending resistance
(red) with an up trending support (blue) forms the triangle pattern. As
the support and resistance converge on each other the pattern is
created. Since there is no true way to know which way the stock will
break, most traders will wait for the breakout or breakdown before
entering a trade. Well, yesterday CL pushed through the triangle
resistance and should be moving higher overall from here.
The Tale of the Tape: CL broke through its triangle
resistance. A trader could enter a long position anywhere near the
breakout point. However, if CL were to break back below the previous
trend line resistance the stock will most likely fall back down to the
triangle support.
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