Clorox Trading Above 200-Day SMA: Is the Stock Worth Buying?
Clorox(CLX) ZACKS·2025-01-27 16:45The Clorox Company (CLX) is trading above its 200-day simple moving average (SMA), signaling a bullish trend. The company's strategic pricing actions and cost-saving measures are contributing to enhanced gross margins.The 200-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as it is the first marker of a stock’s uptrend or downtrend.CLX Stock Trading Above 200 Day Moving AverageImage Source: Zacks Investment ResearchCLX ha ...