• Return to Headlines

Campbell Soup Co (CPB) Crosses Pivot Point Resistance at $35.81

By David Diaz

Campbell Soup Co (NYSE:CPB) has opened bullishly above the pivot of $35.32 today and has reached the first level of resistance at $35.81. Should the shares continue to rise, the resistance pivots of $36.09 and $36.86 will be of interest.

In the past 52 weeks, shares of Campbell Soup Co have traded between a low of $32.63 and a high of $57.47 and are now at $35.62, which is 9% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%.

Potential upside of 28.5% exists for Campbell Soup Co, based on a current level of $35.62 and analysts' average consensus price target of $45.77. The stock should find initial resistance at its 50-day moving average (MA) of $38.82 and further resistance at its 200-day MA of $44.54.

SmarTrend recommended that its subscribers protect gains by selling shares of Campbell Soup Co on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $46.28. Since that call, shares of Campbell Soup Co have fallen 23.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: pivot alerts campbell soup co

Ticker(s): CPB