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Kimberly-Clark (KMB) Approaches New Upside Target of $91.92

Published on Tue, 02/19/2013 - 10:43
By Adrienne Chilton

Shares of Kimberly-Clark (NYSE:KMB) have bullishly opened above the pivot of $90.91 today and have reached the first resistance level of $91.56. Analysts will be watching for a cross of the next upside pivot targets of $91.92 and $92.93.

Kimberly-Clark Corporation is a global health and hygiene company that manufactures and provides consumer products. The Company's products include diapers, tissues, paper towels, incontinence care products, surgical gowns, and disposable face masks. Kimberly-Clark's products are sold in countries around the world.

Kimberly-Clark share prices have moved between a 52-week high of $91.88 and a 52-week low of $70.94 and are now trading 29% above that low price at $91.76 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Kimberly-Clark (NYSE:KMB) defies analysts with a current price ($91.76) 3.0% above its average consensus price target of $88.97. The stock should discover initial support at its 50-day moving average (MA) of $86.67 and subsequent support at its 200-day MA of $84.22.

By Adrienne Chilton
achilton@fnno.com