Clorox Company (CLX) stock rose in its latest intraday trading, after previously managing to ease its clear overbought conditions on the RSI, especially as negative signals started to appear. The stock had earlier broken a main short-term downtrend line, while also benefiting from dynamic support from trading above its 50-day SMA, which enhances the chances of further gains.

Therefore, we expect the stock to rise in its upcoming trading, as long as it remains above 122.55, targeting the key resistance level of 132.00.

Todays price forecast: Bullish.