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Clorox Gets Bleached

|Includes:The Clorox Company (CLX)

This morning, the leading consumer products manufacturer Clorox Company (NYSE:CLX) is declining sharply lower. Today, the stock is falling by $2.13 to $87.40 a share. Swing traders should look for near term daily chart support around the $87.00. This is a level on the charts where the institutional money will generally support the stock. Should the stock decline below the $87.00 area the next important support levels for CLX stock are $85.88, and $84.30. Some other leading personal consumer products companies that are also declining lower on the trading session include Colgate-Palmolive Co. (NYSE:CL), and Kimberly-Clark Corporation (NYSE:KMB).

Nicholas Santiago

Stocks: CLX