Calling all CHD believers. Profit awaits!
Technical Reasons
Momentum and RSI Strength: CHD’s RSI sits at 66.77, just shy of overbought territory, indicating strong bullish momentum but still room to run before a potential cooldown
Golden Cross Confirmation: The 50-day moving average ($103.48) has recently crossed above the 200-day moving average ($103.50). That’s the technical analyst equivalent of shouting, “Buy this thing!”
Price Breakout: CHD is trading at $109.02, significantly above both its 50-day and 200-day averages. It’s also near its 52-week high, suggesting breakout potential as investors chase the highs
Fundamental Reasons
Earnings Beat: In its most recent earnings report, CHD outperformed expectations with an EPS of $0.79 versus the consensus of $0.68. Revenue growth of 3.8% year-over-year reflects solid demand for its consumer products
MARKETBEAT
High Institutional Ownership: With 89.36% of shares held by institutions, the smart money clearly believes in CHD. When the big guys pile in, you don’t bet against them
Resilient Margins in Consumer Staples: Gross margins of 45.65% and an operating margin of 18.56% indicate that CHD’s pricing power remains intact despite rising input costs
Potential Paths to Profit
Buy the Shares (Lowest Risk): Snatch up CHD shares directly and let the consistent growth and dividends work their magic. Easy and drama-free.
Play the Options Game: Grab some call options (January 2025 $110 strike). They’re relatively affordable and offer great upside if CHD continues its climb.
Sell Cash-Secured Puts: Bet on CHD staying above $100. You pocket the premium and, worst case, end up with shares at a discount.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Momentum and RSI Strength: CHD’s RSI sits at 66.77, just shy of overbought territory, indicating strong bullish momentum but still room to run before a potential cooldown
Golden Cross Confirmation: The 50-day moving average ($103.48) has recently crossed above the 200-day moving average ($103.50). That’s the technical analyst equivalent of shouting, “Buy this thing!”
Price Breakout: CHD is trading at $109.02, significantly above both its 50-day and 200-day averages. It’s also near its 52-week high, suggesting breakout potential as investors chase the highs
Fundamental Reasons
Earnings Beat: In its most recent earnings report, CHD outperformed expectations with an EPS of $0.79 versus the consensus of $0.68. Revenue growth of 3.8% year-over-year reflects solid demand for its consumer products
MARKETBEAT
High Institutional Ownership: With 89.36% of shares held by institutions, the smart money clearly believes in CHD. When the big guys pile in, you don’t bet against them
Resilient Margins in Consumer Staples: Gross margins of 45.65% and an operating margin of 18.56% indicate that CHD’s pricing power remains intact despite rising input costs
Potential Paths to Profit
Buy the Shares (Lowest Risk): Snatch up CHD shares directly and let the consistent growth and dividends work their magic. Easy and drama-free.
Play the Options Game: Grab some call options (January 2025 $110 strike). They’re relatively affordable and offer great upside if CHD continues its climb.
Sell Cash-Secured Puts: Bet on CHD staying above $100. You pocket the premium and, worst case, end up with shares at a discount.
Disclaimer: We are not a brokerage or investment firm. We do not offer financial advice or investment advice and/or signals. This is not certified financial education. We offer access to the daily thought process of an individual and his experiences. We do not offer refunds. All sales are final.
Penafian
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