KMB 4.17.10

Posted by StockBuz on April 17, 2010 at 9:32pm in Long Setups

Watching for a breakout of its Daily triangle but it could be a head & shoulders bottom on the weekly.........maybe?

Admin

StockBuz April 18, 2010 at 10:04am

Two reasons that this long swing may work is #1 Although in the Basic Materials group, KMB is considered a consumer staple or a defensive stock by many. Consumers always need diapers, toilet paper, healthcare products and paper towels. #2 You'll notice its stock did not plummet Friday after the Goldman Sachs indictment was announced. Their 4.27% dividend is not something quickly sold by long hold investors. In fact, their dividend was not lowered but has continued to increase throughout the credit crisis. Tell me investors don't appreciate that. Just food for thought.

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