QuantitativeExhaustion
Short

Beat Buffett Before He Buys Iconic Brand Name Colgate

NYSE:CL   Crude Oil WTI
715 7 13
...or not. This toothpaste tube is all but out of paste. One more squeeze and it's time to short.

Everyone seems to think Colgate is the right fit for Buffett, but does Warren think that?
http://www.forbes.com/sites/greatspeculations/2011/03/24/why-colgate-is-a-buffett-style-stock/

P/E is near 22 which is also unprecedented. With that kind of stock valuation you would think we are talking about a tech growth engine, i.e. Apple             10.31 or Google             25, not a consumer product company.

Looking at charts monthly and weekly, very overbought. Chart on daily suggest it may retest upper channel once more before going lower.

snapshot


Would like to see a retest
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nmike MOD QuantitativeExhaustion
nice chart
Reply
With your help and education : )
Reply
snapshot


No chance of a takeover
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