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Shares of ConAgra Foods Has Risen Above Previous 52-Week High

By Nick Russo

Shares of ConAgra Foods (NYSE:CAG) traded at a new 52-week high today of $46.95. This new high was reached on below average trading volume as 130,000 shares traded hands, while the average 30-day volume is approximately 2.9 million shares.

ConAgra Foods share prices have moved between a 52-week high of $46.95 and a 52-week low of $36.46 and are now trading 29% above that low price at $46.88 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

ConAgra Foods, Inc. manufactures and markets packaged foods for retail consumers, restaurants and institutions. The Company offers a wide range of food products, including meals, entrees, condiments, sides, snacks, specialty potato products, milled grain ingredients, dehydrated vegetables and seasonings, and blends and flavors.

ConAgra Foods (NYSE:CAG) is currently priced 3.8% above its average consensus analyst price target of $45.10. ConAgra Foods shares have support at the 50-day moving average (MA) of $44.30 and additional support at the 200-day MA of $42.19.

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 12.9%. We continue to monitor CAG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows conagra foods

Ticker(s): CAG