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Bullish Moving Average Cross by ConAgra Foods (CAG)

By Shiri Gupta

ConAgra Foods (NYSE:CAG) shares have crossed bullishly above their 10-day moving average of $47.21 on a volume of 626K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

ConAgra Foods share prices have moved between a 52-week high of $47.94 and a 52-week low of $36.46 and are now trading 30% above that low price at $47.38 per share. 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 subscribers consider buying shares of ConAgra Foods on February 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.40. Since that recommendation, shares of ConAgra Foods have risen 13.8%. We continue to monitor CAG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses conagra foods

Ticker(s): CAG