dorfmanmaster
Short

Colgate-Palmolive - New Downtrend!

NYSE:CL   COLGATE-PALMOLIVE CO
CL has been downtrending in OBV, RSI .

Today CL broke its 200SMA. Which is a technical tool large institutions use to short positions.

On a weekly chart, we are now resting on top the 50SMA. If we can't get a some support there, I expect CL to drop to $64.



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