Colgate-Palmolive Co (NYSE:CL) is a leading consumer products company that is declining lower at the start of the trading session. This decline in Colgate-Palmolive Co stock price comes despite the rally in the major stock indexes such as the Dow Jones Industrial Average, and the S&P 500 Index. This tells us that Colgate-Palmolive Co stock is showing weak relative strength during today's trading session. Day traders should watch for solid intra-day chart support around the $66.90 level. This is an area where the stock should receive institutional sponsorship and bounce higher.
Some other leading consumer products stocks that are trading lower on the session include The Clorox Company (NYSE:CLX), The Procter & Gamble Company (NYSE:PG), and Kimberly-Clark Corporation (NYSE:KMB).