• Return to Headlines

Campbell Soup Co Crosses Above its 10-day MA (CPB)

By Nick Russo

Today, shares of Campbell Soup Co (NYSE:CPB) have crossed bullishly above their 10-day moving average of $42.89 on a volume of 452K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Campbell Soup Co has traded in a range of $40.99 to $67.89 and is now at $43.58, 6% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Campbell Soup Co on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $46.28. Since that call, shares of Campbell Soup Co have fallen 7.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses campbell soup co

Ticker(s): CPB