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Pilgrim'S Pride: The Winning Streak Continues (PPC)

By Amy Schwartz

Pilgrim'S Pride (NYSE:PPC) traded today at a new 52-week high of $26.79. Approximately 51,000 shares have changed hands today, as compared to an average 30-day volume of 1.6 million shares.

Pilgrim's Pride Corporation produces prepared and fresh chicken products in the United States and Mexico. Through vertical integration, the Company controls the breeding, hatching, and growing of chickens and the processing, preparation, and packaging of its product lines. Pilgrim's Pride exports its products to Canada, Eastern Europe, the Far East, and other world markets.

Based on a current price of $26.50, Pilgrim'S Pride is currently 0.0% above its average consensus analyst price target of $26.50. The stock should discover initial support at its 50-day moving average (MA) of $24.93 and subsequent support at its 200-day MA of $22.10.

Pilgrim'S Pride share prices have moved between a 52-week high of $26.79 and a 52-week low of $17.15 and are now trading 55% above that low price at $26.50 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

SmarTrend recommended that subscribers consider buying shares of Pilgrim'S Pride on July 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.61. Since that recommendation, shares of Pilgrim'S Pride have risen 17.9%. We continue to monitor PPC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows pilgrim's pride

Ticker(s): PPC