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ConAgra Foods Crosses Above its 10-day MA (CAG)

By Amy Schwartz

Today, shares of ConAgra Foods (NYSE:CAG) have advanced above their 10-day MA of $47.61 on a volume of 750K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of ConAgra Foods have traded between a low of $36.46 and a high of $48.81 and are now at $48.11, which is 32% 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 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 14.7%. 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