Clorox (CLX) Offering Possible 16.28% Return Over the Next 23 Calendar Days

Clorox’s most recent trend suggests a bullish bias. One trading opportunity on Clorox is a Bull Put Spread using a strike $180.00 short put and a strike $170.00 long put offers a potential 16.28% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $180.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $8.60 would be incurred if the stock dropped below the $170.00 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 22.65 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Clorox

Clorox: Now at a Much Lower Valuation
Mon, 22 Feb 2021 19:23:38 +0000
The company reported robust organic growth rates in its most recent quarter

Are Institutions Heavily Invested In The Clorox Company’s (NYSE:CLX) Shares?
Sat, 20 Feb 2021 07:23:04 +0000
Every investor in The Clorox Company ( NYSE:CLX ) should be aware of the most powerful shareholder groups. Insiders…

Clorox Company (The) — Moody’s announces completion of a periodic review of ratings of Clorox Company (The)
Thu, 18 Feb 2021 23:33:06 +0000
Announcement of Periodic Review: Moody’s announces completion of a periodic review of ratings of Clorox Company (The)Global Credit Research – 18 Feb 2021New York, February 18, 2021 — Moody’s Investors Service (“Moody’s”) has completed a periodic review of the ratings of Clorox Company (The) and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 9 February 2021 in which Moody’s reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody’s practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

2 Stocks Boosted by the Pandemic: Are They Still Buys?
Thu, 18 Feb 2021 13:00:00 +0000
Some companies offered exactly what people needed after the coronavirus hit, but once the pandemic is under control, will you still want them in your portfolio?

Clorox wipes can be found in stores again — its CEO explains why
Wed, 17 Feb 2021 21:38:36 +0000
Yahoo Finance Live talks with new Clorox CEO Linda Rendle about how she is managing the business during the COVID-19 pandemic.

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