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Campbell Soup Co (CPB) Approaches New Downside Target of $35.51

By Nick Russo

Shares of Campbell Soup Co (NYSE:CPB) have bearishly opened below the pivot of $35.70 today and have reached the first support level of $35.61. Analysts will be watching for a cross of the next downside pivot targets of $35.51 and $35.32.

In the past 52 weeks, shares of Campbell Soup Co have traded between a low of $32.03 and a high of $44.64 and are now at $35.60, which is 11% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Potential upside of 28.6% exists for Campbell Soup Co, based on a current level of $35.60 and analysts' average consensus price target of $45.77. The stock should hit resistance at its 200-day moving average (MA) of $37.81, as well as support at its 50-day MA of $34.70.

SmarTrend is tracking the current trend status for Campbell Soup Co and will alert subscribers who have CPB in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts campbell soup co

Ticker(s): CPB