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Conagra Brands I Crosses Above its 10-day MA (CAG)

By Shiri Gupta

Conagra Brands I (NYSE:CAG) shares have crossed bullishly above their 10-day moving average of $34.18 on a volume of 585K 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 Brands I share prices have been bracketed by a low of $32.93 and a high of $41.68 and are now at $34.42, 5% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.51% higher over the past week, respectively.

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 4.2%. 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