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

By James Quinn

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. Today's price range of $76.50 and $76.50 is within yesterday'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.

Based on a current price of $76.50, Church & Dwight is currently 34.5% above its average consensus analyst price target of $50.12. Church & Dwight shares have support at the 50-day moving average (MA) of $74.97 and additional support at the 200-day MA of $68.30.

In the past 52 weeks, Church & Dwight share prices have been bracketed by a low of $53.15 and a high of $79.22 and are now at $76.50, 44% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

Church & Dwight Co., Inc. develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division.

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 inside day candle church & dwight

Ticker(s): CHD