Clorox (CLX) Offering Possible 25.79% Return Over the Next 23 Calendar Days

Clorox's most recent trend suggests a bullish bias. One trading opportunity on Clorox is a Bull Put Spread using a strike $185.00 short put and a strike $175.00 long put offers a potential 25.79% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $185.00 by expiration. The full premium credit of $2.05 would be kept by the premium seller. The risk of $7.95 would be incurred if the stock dropped below the $175.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Clorox is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Clorox is bullish.

The RSI indicator is at 76.58 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Clorox

Clorox Company (The) — Moody's announces completion of a periodic review of ratings of Clorox Company (The)
Fri, 17 Apr 2020 17:55:24 +0000
Moody's Investors Service (“Moody's”) has completed a periodic review of the ratings of Clorox Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

P&G plans to make 10 million face masks a month to fight the coronavirus
Fri, 17 Apr 2020 12:32:38 +0000
P&G ramps up its mask production to fight the coronavirus.

20 Best Stocks to Invest In During a Recession
Thu, 16 Apr 2020 20:07:10 +0000
As a general rule, the best stocks to invest in while the economy is plunged in a recession tend to be boring, get-the-job-done companies.They have to be. In a recession, there's typically not a lot of money for much else.No one has officially announced a recession yet – it usually takes six months to determine a recession has actually occurred. But according to 45 different economists, the U.S. is indeed in the midst of a recession. The National Association for Business Economics expects economic growth fell 2.4% in Q1, and will drop 26.5% in Q2.While those same economists believe the U.S. economy will rebound in the second half of the year, the global picture isn't so bright. The International Monetary Fund believes the world economy will remain in a weakened state all year, with GDP contracting 3% – well below its January projection of 3.3% growth – before rebounding with 5.8% growth in 2021.The companies best suited to survive, if not thrive, in this kind of environment, are defensive stocks that provide products and services people simply can't live without.With this in mind, here are 20 best stocks to invest in during a recession. Some of these might not be the greatest stocks to hold once the U.S. and global economies have returned to normal. But all of them have loads of worth – to investors and consumers alike – as long as times are tight. SEE ALSO: 25 Blue Chips With Brawny Balance Sheets

Clorox (CLX) Gains As Market Dips: What You Should Know
Wed, 15 Apr 2020 21:45:09 +0000
Clorox (CLX) closed the most recent trading day at $195.75, moving +0.71% from the previous trading session.

The Zacks Analyst Blog Highlights: Meritage Homes, Sarepta Therapeutics, The Clorox Company, The Hain Celestial Group and Entergy
Wed, 15 Apr 2020 12:34:12 +0000
The Zacks Analyst Blog Highlights: Meritage Homes, Sarepta Therapeutics, The Clorox Company, The Hain Celestial Group and Entergy

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