Getting Excited About Clorox

Last night looked a little iffy, but the luck of the Irish resides with the bulls this morning. The potential for a nonviolent resolution to the Ukraine-Russia situation increased last night, although I doubt we've seen the last of heightened tensions. We have had a nice little pop on equities today, albeit a little unconvincing that it is sustainable for the week. I'm much more interested in how we finish the day than how we started it. 

If I am going to add a long here, I'll probably stay boring and consider Clorox (CLX) here. Boring? Absolutely. No one thinks Clorox when they think breakout, but the stock is setting up that way. Note that it has not broken out yet, so it is just a name on my watch list, but it's one I feel comfortable keeping high on the list. On a close over $88, I want to throw some money at Clorox on the long side. There is a nice defined risk of $2 in my eyes. A close under $86, and I'm wrong....315 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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