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Barchart
Barchart
Jim Van Meerten

Colgate-Palmolive May Be Boring, But CL Stock Has Great Upside Potential Here

CL Barchart ColgatePalmolive Rob Isbitts
  • Colgate-Palmolive (CL) shares are making the most of the latest market attempt to broaden.
  • The stock currently maintains a 56% “BUY” technical opinion from Barchart, as short-term momentum indicators begin to turn constructive following a solid move up from April’s $82 bottom.
  • CL is trading below its 52-week high of $99, but the recent move higher suggests that buyers are stepping in at these valuation multiples.
  • The stock has a ways to go to retest its 2024 high of $105. However, in a market where AI is king, stocks like CL are worth a long look as alternatives to high-flying tech stocks. 

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