9 Consumer Staples Stocks at Risk of Reversion
Kimberly-Clark (KMB) ($95.66 vs. $83.79 on Dec. 26): Set a multi-year high at $96.50 on March 5. My monthly value level is $91.33 with a weekly risky level at $100.34. The weekly chart profile is negative but overbought with the five-week MMA at $92.38.
Coca Cola (KO) ($40.04 vs. $36.73 on Dec. 26): Set a multi-year high at $40.67 on July 31 and the stock challenged this high last Thursday. My monthly value level is $37.00 with a quarterly pivot at $39.18 with my semiannual risky level at $42.26. The weekly chart profile is positive but overbought with the five-week MMA at $38.67.
Pepsico (PEP) ($78.64 vs. $69.43 on Dec. 26): Rallied to $79.27 Friday to challenge its January 2008 high at $79.79. My semiannual value level is $75.53 with an annual pivot at $77.05 and annual risky level at $79.02. The weekly chart profile is positive but overbought with the five-week MMA at $75.46.
Procter & Gamble (PG) ($77.27 vs. $68.52 on Dec. 26): Set a multi-year high at $77.82 on March 20. My annual value level is $75.13 with an annual risky level at $78.73. The weekly chart profile is positive but overbought with the five-week MMA at $75.59.At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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