A Death Cross Looms for Clorox

Clorox Co. (CLX) has been giving us mixed or conflicting technical signals, when it comes to volume. We reviewed the charts last week, and came up with this approach: "Bottom line: the daily OBV line should be moving lower with the price action on CLX, but that is not the case. If we ignore the OBV line we would want to trade CLX from the short side. CLX could see a $134 to $128 trading range until it decides on its next sustained move."

Jim Cramer mentions Clorox in an article on Thursday morning contrasting the performance of Procter & Gamble PG with that of other stocks in the same sector. ...332 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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