Bullish Moving Average Cross by ConAgra Foods (CAG)
Today, shares of ConAgra Foods (NYSE:CAG) have advanced above their 10-day MA of $46.63 on a volume of 430K 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.
In the past 52 weeks, ConAgra Foods share prices have been bracketed by a low of $36.46 and a high of $48.81 and are now at $46.77, 28% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.
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 11.9%. 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