Kimberly-Clark Corp. (KMB) stock coverage initiated with “Underweight” in research note to investors by Atlantic Securities

Kimberly-Clark Corp. (NYSE: KMB) shares rose early today on lower trade volume than normal after more analysts initiated coverage on the stock.

Analysts at Atlantic Securities initiated coverage on Kimberly-Clark Corp. (NYSE: KMB) stock, rating the company at Underweight. With a rating of Underweight on the stock, Kimberly-Clark Corp. has a 52-week high of $138.87. The one-year price target of $137.82 is higher than the opening price of $123.12, that has caused a fair amount of other analysts to report on the company in recent days. After beginning or initiating coverage, analysts and brokerage firms will subsequently re periodic updates. Price changes targets are not uncommon.

Meanwhile, U.S. stock futures on Monday pointed to a higher open, as investors prepared for the start of earnings season

S&P 500 futures ESZ6, +0.44% rose by 9 points, or 0.4%, to 2,155.50, while Dow Jones Industrial Average futures YMZ6, +0.40% gained 64 points, or 0.4%, to 18,221.

Nasdaq-100 futures NQZ6, +0.42% tacked on 17.75 points, or 0.4%, to 4,876.75.Meanwhile, U.S. stock futures on Monday pointed to a higher open, as investors prepared for the start of earnings season

Shares of Kimberly-Clark Corp. (NYSE: KMB) opened at $123.12 yesterday trading between $123.12 and $123.69, and last traded at $123.29, a jump of $0.28 or 0.00 compared to the previous closing price.

Kimberly-Clark Corp. (NYSE: KMB) now has a market cap of 44.34B.

Kimberly-Clark Corp.Trading Volume

The stock’s average daily volume is 1,560,970 shares out of a total float 358,427,000 and some 78,873 shares traded hands yesterday, below normal. Investors often use increases in trading volume to pinpoint substantial volume growth or distribution by institutional investors, so trading volume is likely to increase in the next few days.

However, one day of significant buy side trading is not enough to affirm a trend. So market traders will continue to watch for institutional sponsorship as a signal that financial institutions are moving forward.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors retain substantial teams of analysts that research thousands of stocks. Thus, watching their interests is a good way to ensure you are buying the right stocks.

Kimberly-Clark Corp. Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.

With that in mind, Kimberly-Clark Corp. (NYSE: KMB) now has a 50-day MA of $125.64 and 200-day MA of $130.08. It has traded in a 52-week range between $114.36 – 138.87 and today’s last price is 0.11% lower than the 52 week high of $138.87.

Indeed, earnings growth is among the most crucial things to look at in regards to stock investing and, accordingly, investors seek companies that have raised their earnings by at least 25% for the past 3 years.

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