Smart Stocks Investing

Last week I sold ScanSource (SCSC) and needed a replacement. When I’m on the hunt, I first go to Barchart and screen for the stocks having the most frequent price appreciations in the last 20 sessions, take the top 10 and then do some additional screening to see what should be eliminated. The stock I had left was Church & Dwight Company Inc (CHD). The name didn’t ring a bell with me and I was surprised to find that it was the name of holding company that owns Arm & Hammer – products I’ve been using for years.

First let’s see why it came up on my list. The stock had a price appreciation in 14 of the last 20 trading sessions and was 5 for 5 recently. It has enjoyed a 7.97% price increase in the last month. On Barchart’s 13 technical indicators the stock has a buy signal on 12 of the 13 indicators. This stock has the positive and consistent price momentum I like.