Clorox Companys stock price (CLX) edged higher in latest intraday trading, amid the dominance of the downward short-term trend, with negative pressure due to trading below the 50-day SMA, as the price tries to recoup some recent losses, and vent off oversold saturation in the Stochastic, with positive signals streaming from it.

Therefore we expect the price to return lower, targeting the pivotal support of $127.60, as long as the resistance of $135.20 holds on.

Todays price forecast: Bearish