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Play of the Day (For Thursday)
Interactive Chart
Wednesday, April 04, 2001

KMB - Kimberly Clark Corp. $68.85 +1.00 (-0.98)

Tuesday's Comment:

KMB may not be the most exciting company in the universe; nevertheless, its stock continues to attract investment due to its stability. Although this play has pulled back so far this week due to general market uneasiness, KMB could make a move tomorrow following some potentially positive developments after the close. KMB's Executive Vice President, Kathi Seifert, is speaking at the Banc of America Securities Consumer Products Conference Tuesday afternoon. She will be outlining KMB's strategic initiatives and provide an overview of the company. These types of presentations are usually pretty positive because they are designed to encourage investment in the company by the conference attendees. Technically speaking, KMB saw its third mild down spike of the past two weeks today. The previous two spikes were one day events and the stock quickly recovered and moved right back to its 50-DMA. This moving average closed today at $67.97. We would be cautious about adding positions if this pattern does not repeat itself and KMB drops below $65.28. Otherwise, traders could consider adding to positions if KMB opens flat to a little higher (no more than two points).

Wednesday's Update:

While KMB continues to base around the $67 level, it successfully tested the $65 level today and moved higher. This is important as it gives investors in the stock more confidence to hold through rocky times such as we have been seeing all week. As noted yesterday, we are also anticipating some encouraging words out of KMB's Vice President, Kathi Seifert, at the company's presentation tonight at the Bank of America Consumer Products Conference in New York. She is set to present an overview of the company's strategies going forward into next year. Looking at the chart, we note that resistance has come in at the 50-dma, now located at $68 and support can be found at $65. Any moves higher over the next few days will likely trigger a bullish crossover in the MACD. New positions could be considered if the stock breaks through the 50-dma at $68 on volume that puts the stock on track to do 2 million shares by days end. Our stops remain at $62.50 to keep losses in check should KMB reverse course.

Picked on April 1st @ $67.83
Change since picked -0.98
Stop Loss $62.50 

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