Colgate-Palmolive Co. stock trades under the ticker CL & has shown recent bullish behavior that traders & investors should research further into.
CL stock closed at $71.33 on 10/14/2022.
Colgate-Palmolive Co. CL Stock’s Technical Performance Broken Down
CL Stock Price: $71.33
10 Day Moving Average: $70.16
50 Day Moving Average: $76.51
200 Day Moving Average: $77.71
RSI: 42.64
MACD: -1.904
On Friday, CL stock completed a bullish MACD crossover, notching a fourth consecutive day of gains.
Recent trading volumes have been below average compared to the year prior, and their RSI is on the oversold end of neutral, signaling that there may be more momentum to come in the near-term.
They have support at the $70.15 & $67.84/share price levels, as they try to break above the $71.34 & $72.25/share reisistance levels.
Colgate-Palmolive Co. CL Stock As A Long-Term Investment
Long-term oriented investors will like CL stock’s 31.01 P/E (ttm), but will find their 354.15 P/B (mrq) to be very high.
They recently reported 5.3% Quarterly Revenue Growth Y-o-Y, despite -14.2% Quarterly Earnings Growth Y-o-Y, which investors may also want to look into before buying shares.
Their balance sheet will also require a more detailed examination, with $1.06B of Total Cash (mrq) & $7.99B of Total Debt (mrq).
CL stock pays a 2.59% dividend, which may not be sustainable at these levels as their payout ratio is 79.13%.
81.5% of CL stock’s outstanding share float is owned by institutional investors.
Colgate-Palmolive Co. CL Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to hedge against volatility, while profiting from price movements in CL stock.
I am looking at the contracts with the 11/18 expiration date.
The $70, $67.50 & $60 call options are all in-the-money, with the former having more open interest than the latter strikes.
The $80, $75 & $72.50 puts are also all in-the-money, listed from most to least liquid strike.
Tying It All Together
CL stock has many interesting attributes that traders & investors should find appealing.
Investors will like their dividend if it is sustainable, as well as their P/E (ttm).
Traders will like their recent technical strength, as well as the liquidity of their options.
All-in-all, it is worth taking a closer look into CL stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CL STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***