TwinTrader.com announces the publication of Breakout for CLX; highlighting public companies on the move and what’s behind the surge.
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“The Clorox Company manufactures and markets a range of consumer products. It offers bleaches; cleaning products; water-filtration systems and filters; auto-care products; plastic bags, wraps and containers; cat litter products; food products; charcoal products; and natural personal care products, as well as various products for institutional, janitorial, healthcare and food-service markets…
“SeekingAlpha.com reports, “Clorox showed an early session increase in options trading volume to more than nine times the normal level. The impact of the bullish rumors is apparent from the 21-to-1 skew to calls and a 15% spike in implied volatility to 25.8%…
“After bottoming and strongly rebounding from its July 15 low, shares of Clorox have skyrocketed approximately 30%. The stock as decisively broken out of its $60 resistance and has climbed 6% from there. The RSI indicates that the stock may still have some legs in this recent up move. MACD confirms the bullish technical reading of the RSI...”
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