Looking through thousands of charts each week, it is hard to find many stocks that have been able to maintain any kind of upward momentum in the last six months. One stock that I took not of last night was Church & Dwight (NYSE: CHD). The company is part of the consumer staples sector and it manufactures things like baking soda, laundry detergents, and toothpaste.
As the rest of the market was experiencing a pretty sharp downturn in the fourth quarter, Church & Dwight just kept on climbing. The stock dipped in early October jumped at the end of the month when the company posted better than expected earnings’ results.
For the most part Church & Dwight has been trending higher since the beginning of June and has really outperformed the rest of the market in the last three months. We see that the stock only dipped slightly in December and if we connect the low there with the low in October, we get a trend line that could help the stock continue to move higher.
Besides the chart for Church & Dwight, the fundamentals are really strong. The company boasts a return on equity of 23.7% and a profit margin of 19.4%. It has seen its earnings grow by 11% annually over the last three years, but they grew by 18% in the most recent quarter and are expected to grow by 18% for the year.