“S&P 500 to 8,000? A Brutal Market Reversal Ahead | Gareth Soloway”
Clorox is a declining, dividend-paying company I hunt for: it has proven its worth over time while its price is very low. After an unusual drop from $109 to $80/$79, it has reached key technical support and is bouncing; I am an investor.
I hunt for declining stocks like Clorox and Nike, companies that have proven their worth over time, but whose prices are very low and they distribute dividends.
if we look at the chart here and move to Clorox, you will find that Clorox stock has reached a key technical support level. And look at this drop. I mean, historically Clorox doesn't move like this, dropping from $109 to $80, or even to $79 in fact.
It is now bouncing off a technical support level here.