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

By James Quinn

ConAgra Foods (NYSE:CAG) crossed under its 10-day moving average of $46.45 on a volume of 557K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $46.20, which is 27% 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 monitoring the recent change of momentum in ConAgra Foods. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ConAgra Foods in search of a potential trend change.

Keywords: moving crosses conagra foods

Ticker(s): CAG