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Possible Bearish Inside Day Candle Pattern Detected for Church & Dwight (NYSE:CHD)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Church & Dwight (NYSE:CHD) based on the price action in the company's shares. Yesterday's price range of $50.46 and $51.35 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Church & Dwight may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Church & Dwight Co., Inc. develops, manufactures, and distributes household, personal care, and specialty products. The Company offers contraceptive products, laundry and dishwashing detergents, toothbrushes, shampoos, vitamins, pregnancy test kits, and hair removers. Church & Dwight sells its products to consumers through supermarkets, mass merchandisers, drugstores, and websites.

In the past 52 weeks, Church & Dwight share prices have been bracketed by a low of $43.21 and a high of $54.18 and closed yesterday at $50.75, 17% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.16% higher over the past week, respectively.

Church & Dwight (NYSE:CHD) defies analysts with a current price ($50.75) 1.2% above its average consensus price target of $50.12. Church & Dwight shares have support at the 200-day moving average (MA) of $48.15 and additional support at the 50-day MA of $47.75.

SmarTrend is tracking the current trend status for Church & Dwight and will alert subscribers who have CHD in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle church & dwight

Ticker(s): CHD