On Friday, Church & Dwight cleared an important performance benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 84, up from 75 the day before.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they begin their biggest climbs.
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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 latest pattern is a later-stage base, and those involve more risk.
The company posted 18% earnings growth in the latest quarterly report. Sales rose 4%. Keep an eye out for the company's next round of numbers on or around May 1.
The company earns the No. 1 rank among its peers in the Soap & Cleaning Preparation industry group. Ecolab and Clorox are also among the group's highest-rated stocks.
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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