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ConAgra Foods Bearish Moving Average Crossover Alert (CAG)

By Nick Russo

Today, shares of ConAgra Foods (NYSE:CAG) have crossed bearishly below their 10-day moving average of $46.27 on a volume of 329K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $45.79, 26% 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 is tracking the current trend status for ConAgra Foods and will alert subscribers who have CAG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses conagra foods

Ticker(s): CAG