This Dividend King Stock Just Offered a Superb Buy-the-Dip Opportunity
Colgate-Palmolive's current dip is relatively shallow, but it might be risky waiting for it to deepen.
Overview
The old saying "get while the getting is good" is often relevant in financial markets. Put it this way: Even in strong bull markets, there are always stocks that are faltering, even some quality names.
Some investors wait for those declines to deepen before getting involved. Occasionally, that strategy works, but it's not foolproof. Some stocks simply aren't prone to deep drawdowns, meaning that when they do dip, investors may want to act with haste because the dip might not grow.
Details
Colgate-Palmolive (NYSE: CL) may be a good example. Off 4.2% for the week ending July 23 and 9.3% below its 52-week high, this consumer staples stock is dipping.
Source
Originally published at www.fool.com.