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Clorox Gets Bleached

May 05, 2014 12:25 PM ETCLX
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This morning, the leading consumer products manufacturer Clorox Company (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. (CL), and Kimberly-Clark Corporation (KMB).

Nicholas Santiago

InTheMoneyStocks.com

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