Church & Dwight Inc (CHD) is a leading consumer products stock. This popular stock has been pulling back since early September. At that time, Church & Dwight (CHD) stock was trading as high as $98.96 a share. Since that pivot top, the stock has declined down to $83.78 a share. Traders should now note that Church & Dwight (CHD) stock is testing the important 200-day moving average. A daily chart close below this key level would likely indicate a further decline in the stock near term.
The next major support level for Church & Dwight (CHD) stock will be around the $77.00 level. This is where the stock broke out in late June 2020. Often, prior breakout levels will serve as excellent support when retested. There is also a 100-week moving average right around this key support level adding to the strength of the $77.00 area. I will be looking at a long side trade around this key support level when tested.
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