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Bearish Moving Average Cross by Church & Dwight (CHD)

By Nick Russo

Today, shares of Church & Dwight (NYSE:CHD) have crossed bearishly below their 10-day moving average of $94.61 on a volume of 238K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Church & Dwight share prices have moved between a 52-week high of $107.36 and the current low of $49.92 and are currently at $49.99 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Church & Dwight on January 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.71. Since that recommendation, shares of Church & Dwight have risen 20.6%. We continue to monitor CHD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses church & dwight

Ticker(s): CHD