CLX Faces Resistance as EMAs Turn Bearish
BearishClorox Co (CLX) closed up 0.33% at $98.53 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Price sits below both the 9-day ($99.32) and 21-day ($101.28) EMAs, suggesting short-term weakness.
Momentum
RSI at 47.8 is in neutral territory. MACD is bearish (-2.46 vs signal -2.36).