Kimberly Clark Corp (NYSE:KMB)
Started by
Costa
, Apr 25 2012 03:19 AM
1 reply to this topic
#1
Costa
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- Traders-Talk User
- 660 posts
Member
Posted 25 April 2012 - 03:19 AM
The stock broke out to new highs on Tuesday on 2x the daily average volume. The stock has been on fire since late February. It is hard to predict how far the momentum will take the stock. I'm using today’s high of $78.73 as resistance for Wednesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. The outlook for KMB stays robust until it stays above $75. Fresh buys can be initiated with a stop at $74.8 ( 20 dma ).
Costa
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#2
antiphos
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- Traders-Talk User
- 43 posts
Member
Posted 25 April 2012 - 08:02 AM
The stock broke out to new highs on Tuesday on 2x the daily average volume. The stock has been on fire since late February. It is hard to predict how far the momentum will take the stock. I'm using today’s high of $78.73 as resistance for Wednesday. A break above that area could trigger further bullish momentum and keep the bullish scenario intact. The outlook for KMB stays robust until it stays above $75. Fresh buys can be initiated with a stop at $74.8 ( 20 dma ).
Yahoo shows the dividend at 3.9%. That is pretty healthy in today's market (esp compared to AAPL).
