Church & Dwight (CHD)
By Fri, Jan 8, 2021
Today’s chart of the week comes from consumer staples. Staples are breaking out to new all-time highs right now!
In fact, not every stock pick has to be a huge name like Tesla. Sometimes slow and steady wins the race. Church and Dwight, a famous condom maker, has been a reliable pick throughout history and continues to be a great addition to your portfolio. Church and Dwight (CHD) has now been down for five consecutive months, making it my clear pick for this week.
Here’s the trade:
Church & Dwight (CHD) maker of Trojan Condoms. We want to be long if the stock price is above $80, with a price target of $123.
Til next week, good trading,
JC Parets
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About the Author
JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.
