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

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Church & Dwight (NYSE:CHD) based on the price action in the company's shares. Yesterday's price range of $78.36 and $79.20 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. Traders and investors interested in shares of Church & Dwight may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Church & Dwight share prices have moved between a 52-week high of $80.99 and a 52-week low of $54.46 and closed yesterday at 45% above that low price at $78.89 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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.

Church & Dwight (NYSE:CHD) defies analysts with a current price ($78.89) 36.5% above its average consensus price target of $50.12. Church & Dwight shares have support at the 50-day moving average (MA) of $75.75 and additional support at the 200-day MA of $70.32.

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: bullish am inside day candle church & dwight

Ticker(s): CHD