Taking A Long Position in Church & Dwight (CHD) at $53.95
I'm probably more excited about my pick up in Church & Dwight this morning than any other stock I've bought in quite some time. In fact if it goes well... and that's a big if in the market these days, I wouldn't mind holding on to this stock for an extended period of time - say weeks or months.
It's breaking out perfectly today, and managed to get in at $53.95, using a stop loss of $52.81 and a target of $60 or higher (I prefer higher).
Here's the short-term trend of the stock and pattern I'm getting in on:
Now when you look at that, you may say "I come across a dozen of those patterns every day" - but do you see a long-term trend that accompanies it as well?
Here's the long-term pattern.
I didn't think so!