Church & Dwight is an American consumer goods company focusing on personal care, household products, and specialty products. The company was founded in 1847 and is headquartered in Ewing, New Jersey. It is the parent company of well-known brands such as Arm & Hammer, Trojan, OxiClean, and First Response.
Consolidation before potential next leg up.
Thank you for watching my analysis on $NYSE:CHD.
I pray you and your families have a beautiful week filled with love, joy, and an abundance of wealth!
Joshua 1:9
CHD exceeded its outlook with stronger than expected sales growth and gross margin expansion. Earnings reported last week showed second quarter net sales grew 9.7% to $1.454.2 Bill and gross margin expanded by 270 basis points. CHD continues to experience strong consumer demand across its portfolio. In addition organic sales grew 5.4% driven by positive product...
Last two tops were $98.33 and $100.52, however the last top was on lesser volume. Which has printed an obvious bearish divergence. Since the last high ($100.52), the stock has continued to decline and volume has continued to drop - printing more obvious bearish divergences.
This is a clear short, I guess the earnings report will be a trigger for further decline...
The PEAD projected a bullish outlook for $CHD after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
A bullish trend is applicable above 83.00.
The ideal entry is a price action as close to 82.00 as possible (200-day simple moving average) on a pullback.
However, breaking above 85.50 might trigger upside potential.
The first target price is set at 87.50.
The second target price is set at 92.50. (middle of the linear regression channel pattern).
The confluence of...
The PEAD projected a BEarish outlook for $CHD after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
Church & Dwight manufactures and distributes a wide range of consumer household and personal care products, as well as specialty end products in the animal and food production, chemical businesses, and cleaning products end markets. The company's main focus is on its 14 "power brands," which include well-known brand names such as Arm & Hammer baking soda, cat...
The PEAD projected a Bearish outlook for $CHD after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
One of my Favorite Stock to Buy for Long Term Returns.
Trend is your friend ;)
CAGR since 1995 :
CHD = 18.6 %
SPY = 7.6 %
Pearson's R since 1995 :
CHD = 0.998
SPY = 0.877
Disclaimer: All content has only educational and informational purposes, and never should be used or take it as financial advice.
Notes:
* Excellent earnings record
* Very strong up trend in the long term
* Breaking out of a ~4 month base
* Formed a larger cup with high handle on the monthly time frame
* Broke out with higher than average volume before earnings
Technicals:
* Sector: Consumer Defensive - Household & Personal Products
* Relative Strength vs. Sector: 1.3
* Relative Strength...
* Excellent earnings quarter over quarter
* Very strong up trend on the monthly time frame
* High relative strength of 2.75 in the Consumer Defensive sector
* Pays out a quarterly dividend
* Breaking out a ~17 month base
* Both monthly and weekly candles show a large bullish hammer candle
* The weekly chart used the base resistance of $97.53 as support and mad a...
CHD remains near it's all time high and SPY pukes it's guts. When SPY recovers if CHD is still recovering set an alarm above the compression and wait for it to breach upwards on heavy volume.
