A tale of two stocks

Boeing monthly chartIn 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.

Chlorox monthlyAnd a stark reminder of the world in which we currently live.

By Anna Coulling

Charts from NinjaTrader and indicators from Quantum Trading

About Anna 2015 Articles
Hi – my name is Anna Coulling and I am a full time currency, commodities and equities trader. I have been involved in both trading and investing for over fifteen years and have traded many different financial instruments, from options and futures to stocks and commodities. I write and publish articles ( mostly for free ) for UK and international publications on a wide variety of financial issues, and in particular I enjoy helping others learn how to invest and trade.

Be the first to comment

Leave a Reply

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.

» CONTACT ME