Relative Strength Consumer Staple Forms Bull Flag in Uptrend
Kimberly Clark (KMB) shares of the safe haven consumer staple name continue to hold well and above all key moving averages as it closed near the top of monthly value. A break above 143 now likely can see a retest of the 150 highs from last month and a lower beta name to watch if market turmoil continues to see staples in favor. MACD crossing bullish yesterday as well and a simple stop level would be back under 140 monthly POC.