In such turbulent times, one could be forgiven everything is being sold, and whilst this is broadly true, there are some winners and I’m reminded of the adage, ‘one man’s loss is another man’s profit’ ( or woman of course!) and this is certainly true for two stocks experiencing very different reactions to the current panic. Chlorox (CLX) has soared whilst Boeing (BA) has plunged and they are almost a mirror image and it is interesting to note the strength of buying in one and the strength of selling in the other, both confirming the price action accordingly. One company supplies mundane products such as bleach and cleaning product, while the other supplies aircraft. Market cap is 26.4bn and 85.3bn respectively.
And a stark reminder of the world in which we currently live.
By Anna Coulling
Charts from NinjaTrader and indicators from Quantum Trading
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