Clorox is one of those home products makers whose goods are indispensable for cleaning, storage and cooking. Its product family ranges from Clorox bleach and cleaning agents to Glad storage bags and Hidden Valley Ranch salad dressing, among many others. Clorox stock, which is No. 1 ranked in its industry group, is nearing the buy point of a flat base.
Clorox stock formed a long cup base from February to early September. It briefly rose to a 52-week high and began forming a flat base with a buy point at 169.09. Friday afternoon Clorox closed at 167.64, up 1.1% for the day. Also on Friday, Clorox got a Relative Strength Rating upgrade to 73, putting it in the top 27% of stocks for price performance this past year.
Clorox Stock A Favorite Among Big Funds
The diversified home products maker boasts a terrific A SMR Rating (sales + profit margins + return on equity) and a B+ Accumulation/Distribution Rating. The B+ rating on an A+ to E scale shows that mutual funds, ETFs and other large funds are fairly heavy buyers of its stock.
Among other key ratings for Oakland, Calif.-based Clorox, it has an 82 Composite Rating out of 99, and a 76 EPS Rating.
It's earnings growth has been generally strong but a bit erratic. The last four quarters its earnings grew 120%, 13%, 9% and 280% in the most recent quarter, to $1.86 per share. Meanwhile, during that period it reported revenue growth of 16%, -5%, -6% and 27%, to $1.76 billion last quarter.
When To Sell Stocks To Lock In Profits And Minimize Losses
Clorox is trying to complete a flat base with the 169.09 buy point. See if the stock can clear the breakout price in heavy trading.
No. 1 Ranked In Small Industry Group
Additionally, Clorox holds the No. 1 rank among its peers in the small, five-stock Soap & Cleaning Preparation industry group. Ecolab and Church & Dwight are also among the group's highest-rated stocks.
IBD's unique Relative Strength Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market. Stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if Clorox can continue to rebound and clear that threshold.
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