Clorox (CLX) Offering Possible 25% Return Over the Next 15 Calendar Days

Clorox's most recent trend suggests a bullish bias. One trading opportunity on Clorox is a Bull Put Spread using a strike $170.00 short put and a strike $165.00 long put offers a potential 25% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $170.00 by expiration. The full premium credit of $1.00 would be kept by the premium seller. The risk of $4.00 would be incurred if the stock dropped below the $165.00 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 52.06 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

Why Clorox (CLX) Stock is a Long-Term Buy Far Beyond the Coronavirus
Tue, 31 Mar 2020 23:03:11 +0000
Clorox sells disinfectant products that kill germs at home and in healthcare settings, which makes it almost tailor-made for the coronavirus economy. Better still, Clorox's portfolio is far more diverse and CLX appears to be a solid longer-term buy…

5 Top Momentum Stocks for April Amid Coronavirus-Led Turmoil
Tue, 31 Mar 2020 11:41:11 +0000
A handful of stocks have withstood the market mayhem in March, some of them are momentum players.

The 5 Safest Dividend Stocks Series Part 2- Clorox
Tue, 31 Mar 2020 10:00:00 +0000
In this 5-part series, we select the five safest dividend stocks around — each a Dividend Aristocrat with 25+ years of consecutive dividend increases, notes income expert Ben Reynolds, editor of Sure Dividend.

Zacks.com featured highlights include: Clorox, Western Digital, Leidos, Cincinnati Financial and New Residential Investment
Mon, 30 Mar 2020 14:21:02 +0000
Zacks.com featured highlights include: Clorox, Western Digital, Leidos, Cincinnati Financial and New Residential Investment

The Zacks Analyst Blog Highlights: Clorox, Campbell, Hain Celestial, Ingredion and Grocery Outlet
Mon, 30 Mar 2020 14:09:02 +0000
The Zacks Analyst Blog Highlights: Clorox, Campbell, Hain Celestial, Ingredion and Grocery Outlet

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