Church & Dwight saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 68 to 73.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Church & Dwight can continue to show renewed price strength and clear that threshold.
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Church & Dwight broke out earlier, but has fallen back below the prior 113.50 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The company posted 18% EPS growth in the latest quarterly report. Revenue increased 4%.
The company earns the No. 2 rank among its peers in the Soap & Cleaning Preparation industry group. Ecolab is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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