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Nov 18, 2020 12:55 PM

CLX Move Above 20-Day and Gap Fill  Long

Clorox Company (The)NYSE

Description

CLX saw a pretty large dip on vaccine news and in my opinion was slightly overdone. They recently reported very strong earnings and continue to not be able to keep up with demand. I also do not think demand will slow for at least the next several months. We are looking for a move above the 20-day moving average to move towards 50-day/fill the gap in the $211.50-$212.50 range. We do feel it should have enough momentum to breakthrough these levels and will have $220 in sight.
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