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Pinnacle Foods I Bearish Moving Average Crossover Alert (PF)

By Amy Schwartz

Pinnacle Foods I (NYSE:PF) crossed under its 10-day moving average of $63.20 on a volume of 163K 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 Pinnacle Foods I have traded between a low of $43.00 and a high of $66.67 and are now at $62.39, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Pinnacle Foods I on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.27. Since that recommendation, shares of Pinnacle Foods I have risen 13.1%. We continue to monitor PF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses pinnacle foods i

Ticker(s): PF