Colgate-Palmolive (CL) is an iconic brand. The shares have been rallying up to the $70-$75+ area several times over the past five years but have been unable to break through. Earnings are due this Friday. Maybe they will be the "charm" for an upside breakout.
Let's check out the charts and indicators of this Action Alerts PLUS holding.
In the daily bar chart of CL, below, we can see that the shares are trading above the rising 50-day moving average line. The 200-day moving average line is below the price action and the slope has slowly turned positive this month.
The trading volume was heavy in March but has still remained active. The On-Balance-Volume (OBV) line shows a rise from late March telling us that buyers of CL have been more aggressive.
The trend-following Moving Average Convergence Divergence (MACD) oscillator has stayed above the zero line since the middle of April and could turn upwards soon for a fresh outright buy signal.