Church & Dwight Co., Inc. stock trades under the ticker CHD & has shown recent bullish behavior that traders & investors should take a closer look into.
CHD closed at $99.20/share on 3/3/2022.
Church & Dwight Co. Inc. CHD Stock’s Technicals Broken Down
CHD Stock Price: $99.20
10 Day Moving Average: $97.34
50 Day Moving Average: $100.21
200 Day Moving Average: $89.58
RSI: 52.2
MACD: -0.727
Earlier today CHD stock completed a bullish MACD crossover, on slightly above average trading volume compared to the year prior.
It also broke out above its 10 day moving average, which leaves it 1% away from its 50 day moving average.
CHD will need to break through the $100.27 price level, before testing the $101.43/share resistance level.
Church & Dwight Co. Inc. CHD Stock As A Long-Term Investment
Long-term oriented investors will find CHD stock’s P/E (ttm) acceptable at 29.73, but will likely balk at their 7.41 P/B (mrq).
They recently had 5.7% Quarterly Revenue Growth Y-o-Y, with 5.3% Quarterly Earnings Growth Y-o-Y.
CHD stock’s balance sheet will require a closer examination, with Total Cash (mrq) of $240.6M, being eclipsed by their Total Debt (mrq) of $2.78B.
However, Moody’s has CHD stock’s credit rating at A3, which is considered upper medium grade.
CHD offers a modest 1.04% dividend yield, which appears to be safe as their payout ratio is 30.4%.
88% of CHD stock’s outstanding share float is owned by institutional investors.
Church & Dwight Co. Inc. CHD Stock As A Short-Term Trade Using Options
CHD stock has options that traders can use in the near-term to profit from their price movements in either direction.
I am looking at the contracts with the 3/18 expiration date.
The $100 & the $95 call options look appealing, although their combined open interest is only ~600 total contracts between both strike prices.
The $105 & $110 puts also look interesting, but they are even less liquid than the calls, signifying that the market still sees CHD stock being bullish in the coming weeks.
Tying It All Together
All-in-all, CHD stock has many characteristics that traders & investors alike will appreciate.
Investors will like their debt rating & dividend safety, but may find their valuation metrics to be a bit high.
Traders will like the current momentum, but balk at their lack of liquidity in the expiration date that I was looking at.
CHD stock is worth taking a closer look at, regardless of your trading style.
*** I DO NOT OWN SHARES OF CHD STOCK ***