Kimberly-Clark Weak 2nd Quarter Revenues but Profits Up! – July 26, 2010

Kimberly-Clark Corporation or KMB in the New York Stock Exchange is involved in manufacturing and marketing of health and hygiene products worldwide. They are the maker of Kleenex tissues and Huggies diapers that you see around groceries and convenient stores. Their revenue for the 2nd quarter of 2010 was weaker than expected. However, their net income rose by 24% which is a big help for them.

Upon the release of their 2nd quarter income report last week, their stocks went up by 1.08% to $63.64 per share. Chart-wise, there is a big upside potential for the stocks of Kimberly-Clark. Right now, the stock price is hanging right at its current resistance and could continue to head up. If that resistance cleared out, the next price mark could $70.03. On the downside, the current support is at the $60.00 area. If the the price drops further below that marker, the next support could be $58.25.

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By: Al on July 26, 2010 at 12:13 pm