Long Position on CHD @ $69.00 on 12/14/2018 (Momentum)

Church & Dwight Co., Inc. (CHD) develops, manufactures, and markets household, personal care, and specialty products.

The company operates through three segments: Consumer Domestic, Consumer International, and the Specialty Products Division.

It offers baking soda, cat litter, carpet deodorization, and laundry detergent products under the ARM & HAMMER brand; condoms, lubricants, and vibrators TROJAN brand; stain removers, cleaning solutions, laundry detergents, dishwashing detergents, and bleach alternatives under the OXICLEAN brand; battery-operated and manual toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesic products under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; and water flossers and replacement showerheads under the WATERPIK brand.

The company also provides specialty products, including animal productivity products, such as MEGALAC rumen bypass fat, a supplement, which enables cows to maintain energy levels during the period of high milk production; BIO-CHLOR and FERMENTEN, which are designed to help reduce health issues associated with calving, as well as provides needed protein; and CELMANAX refined functional carbohydrate, a yeast based prebiotic.

In addition, it offers sodium bicarbonate for use in industrial markets; and cleaning and deodorizing products for use in office buildings, hotels, restaurants, and other facilities. 

Shares have formed a bullish "flag" following its recent earnings report. Higher share prices are expected for this stock.

Entry Point: $69.00

Stop Loss:  $65.20

Trading Range: $44.87 - $69.36

Target Price: $75.90

Updates

4/1/2019 11:16:56 AM

CHD closed at $71.00

Position closed on 4/1/2019 at price of $71.00 with a 2.90% gain in 108 days.

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