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Colgate Palmolive Co. – Charting Zacks Elite Stocks

Source: http://www.zacks.com/commentary/8510/Colgate+Palmolive+Co.+-+Charting+Zacks+Elite+Stocks
Posted on Thursday, September 4th, 2008 | In Stocks to Watch
Contributed by: Michael Vodicka (http://www.zacks.com/) -

Colgate Palmolive Co. (CL) shares are holding their ground in higher territory in a very challenging environment. After testing the 26-week high earlier in the month, this stock has temporarily pulled back and is taking a breather just below this key level. Shares are also trading in a fairy tight range, oscillating between $74 and $78 for most of the last month. There is a short-term support level above the $74 area, take a look at the chart below.

Snap On, Inc. (SNA) shares have also been holding their gains, trading in a range between $55 and $60 for most of August. The 52-week and all-time high is close at hand, just above $62. Analysts are bullish on the company, with the next-year estimate pegged at $4.60 per share, a 12 earnings growth projection. Take a look at the chart.

“CL” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research

Last 5 posts by Michael Vodicka





About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys.

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