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Bullish Moving Average Cross by Conagra Brands I (CAG)

By Amy Schwartz

Today, shares of Conagra Brands I (NYSE:CAG) have crossed bullishly above their 10-day moving average of $33.15 on a volume of 618K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Conagra Brands I has traded in a range of $32.16 to $41.68 and is now at $33.36, 4% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Conagra Brands I on November 10th, 2016 by issuing a Downtrend alert when the shares were trading at $35.55. Since that call, shares of Conagra Brands I have fallen 7.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses conagra brands i

Ticker(s): CAG