Colgate (CL) Offering Possible 10.89% Return Over the Next 24 Calendar Days

Colgate's most recent trend suggests a bearish bias. One trading opportunity on Colgate is a Bear Call Spread using a strike $67.00 short call and a strike $72.50 long call offers a potential 10.89% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.00 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.96 would be incurred if the stock rose above the $72.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Colgate is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Colgate is bearish.

The RSI indicator is at 27.65 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 Colgate

Why Shares of Colgate-Palmolive Are a Must Buy for the Long Haul
Mon, 21 Nov 2016 18:26:00 GMT

Colgate-Palmolive Remains on Slippery Slope for Now
Thu, 10 Nov 2016 15:33:00 GMT

Moody’s Affirms Colgate-Palmolive’s Ratings
Wed, 09 Nov 2016 15:05:16 GMT

Colgate-Palmolive gets time to rally
Tue, 08 Nov 2016 18:17:04 GMT

Why Clorox’s Fiscal 1Q17 Earnings Missed Estimates
Mon, 07 Nov 2016 21:04:09 GMT

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