Shares of Colgate Palmolive (NYSE:CL) have pulled back strongly over the last month. Both MACD and RSI indicators reveal that the stock is reaching oversold levels. I have been watching the stock for a few days now and can forsee some buying opportunities in the coming days.
Yesterday the stock pulled down even closer to longer term support level. I would be looking to buy after a bounce off the 200MA with an initial target price around $87. This is one I would be looking to hold on to for the medium to longer term.
Yesterday the stock pulled down even closer to longer term support level. I would be looking to buy after a bounce off the 200MA with an initial target price around $87. This is one I would be looking to hold on to for the medium to longer term.