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

By Nick Russo

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 $78.06 and $78.43 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.

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.

In the past 52 weeks, Church & Dwight share prices have been bracketed by a low of $54.46 and a high of $79.22 and are now at $78.43, 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.

Church & Dwight (NYSE:CHD) defies analysts with a current price ($78.43) 36.1% above its average consensus price target of $50.12. Church & Dwight shares have support at the 50-day moving average (MA) of $75.57 and additional support at the 200-day MA of $69.83.

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