Clorox Company (CLX) dipped slightly in its recent intraday trading, taking profits from earlier gains while attempting to build positive momentum for a renewed rise. The stock remains within a short-term corrective uptrend, trading along a supportive ascending trendline and benefiting from dynamic support by staying above the 50-day SMA. Additionally, the Relative Strength Index shows bullish signals after successfully relieving prior overbought conditions, giving the stock more room for further corrective gains.

Therefore we expect the stock to rise in upcoming sessions, as long as support at $127.60 holds, targeting the initial resistance level at $135.20.

Todays price forecast: Bullish.