Financial Tides -- A Stock Market Investing Newsletter by Jim Van Meerten: Colgate-Palmolive- Barchart Chart of the Day

Monday, June 20, 2011

Colgate-Palmolive- Barchart Chart of the Day

Barchart.com's Chart of the Day - Colgate-Palmolive (CL)

Barchart Research Team - Barchart.com - Fri Jun 17, 7:28PM CDT

Related Stocks

CL - Colgate-Palmolive Company

Sym	Last	Chg	Pct
CL	87.88	+1.31	+1.51%

The "Chart of the Day" is Colgate-Palmolive (CL), which showed up on last Friday's Barchart "NYSE 12-month high" list. CL last Friday posted an all-time high of $88.02 and finished the day up +1.5%. Trendspotter (tm) has been long CL for the past 2 weeks at a price of $83.36. In recent news, the European Union has shown the green flag to Colgate-Palmolive to move ahead with its acquisition of the shower gel and deodorant brand Sanex for $980 million from Unilever Plc. (UL). Zacks Equity Research sees the consumer staples sector as performimg better than the overall market, especially during market declines as these companies are cash rich and can withstand the current economic headwinds. In the most recent quarter, global net sales of Colgate-Palmolive increased 4.5% year over year to $4.0 billion despite a 3% benefit from foreign exchange and a 2% addition from global unit volume, which was offset by a 0.5% decline in pricing. Colgate-Palmolive, with a market cap of $41.928 billion is a leading global consumer products company, tightly focused on Oral Care, Personal Care, Household Surface Care, Fabric Care and Pet Nutrition. Colgate sells its products in countries and territories around the world under such internationally recognized brand names as Colgate, Palmolive, Mennen, Softsoap, Irish Spring, Protex, Sorriso, Kolynos, Ajax, Axion, Soupline, Suavitel and Fab, as well as Hill's Science Diet and Hill's Prescription Diet pet foods.

How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "New Highs/Lows" page. Then we clicked on the entry for NYSE 12-month highs. A new 12-month high is a popular sign of upside momentum. Then we applied a "Custom View" heading with the Barchart Opinion ranking as one of the columns. we then sorted the list by the Barchart Opinion ranking in order to find the stocks with the highest Opinion.
Barchart's Opinion trading systems are mostly a Buy and Barchart's daily Trendspotter(tm) trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Trendspotter: Buy
Short-Term Indicators: 100% Buy
Medium-Term Indicators: 100% Buy
Long-Term Indicators: 100% Buy
Overall Average 100% Buy