CHD new buy longCHD seems not a normal stock but rather a life issurance. In fact since 1981 such stock has never stoped raising up even during financial crisis. This has mainly due to its business and management and after Q2 2018 price has definitley broken the lateral phase started in Q2 2016. Price thresold was at 53.88, the daily candle closed the session at 55.89.
I personally see such stock as a long term investment rather than a trading stock as intrinsic volatility is low (market beta 0.42).
Uptrend started at 46.4 we have recently had the cross between ma 50 and ma 200. Vortex and volatility stop positive, on the short term we have an overbought area (RSI is out the purple range) so a little pullback might be expeted maybe to confirm the line broken at 53.88 dollars, a point where a second entry long can be done.
SCHD
Schruch&Dwight