Kimberly Clark: Earnings release technical preview, very small short-base
BULLISH CASE: On better than expected news/outlook the stock could trade to the upper limit of the bullish price channel at $60.61. On a bullish breakout above the price channel the following resistance levels would become upside objectives: $61.44 -- break major resistance, $62.50, $63.53, $64.50, $65.88, $66.98, $68.13, $69.56. BEARISH CASE: On worse than expected news/outlook the stock could trade to the lower limit of the price channel at $59.02. On a bearish breakdown below the price channel the following support levels would become downside objectives: $58.63, $57.60, $56.59, $55.60, $54.69, $53.81, $52.95, $52.06, $51.88, $51. NOTE: Very small short-base at 1 day to cover, with 0.8% of the float short. Traders are positioned for positive news. Reactions on a surprise, especially a negative one given the very small short-base, have a high probability of being extreme in duration and price. High gap risk.

http://www.theflyonthewall.com/permalink...