CLX Move Above 20-Day and Gap Fill

18 нояб. 2020 г.

CLX saw a pretty large dip on vaccine news and in my opinion was slightly overdone. They recently reported very strong earnings and continue to not be able to keep up with demand. I also do not think demand will slow for at least the next several months. We are looking for a move above the 20-day moving average to move towards 50-day/fill the gap in the $211.50-$212.50 range. We do feel it should have enough momentum to breakthrough these levels and will have $220 in sight.