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Conagra Brands I (CAG) Crosses Pivot Point Resistance at $29.79

By David Diaz

Shares of Conagra Brands I (NYSE:CAG) opened today above their pivot of $29.56 and have already reached the first level of resistance at $29.79. Analysts will be watching for a cross of the next upside pivot targets of $30.07 and $30.58.

Conagra Brands I has overhead space with shares priced $29.84, or 28.0% below the average consensus analyst price target of $41.46. Conagra Brands I shares have support at the 50-day moving average (MA) of $28.35 and additional support at the 200-day MA of $27.03.

Over the past year, Conagra Brands I has traded in a range of $20.22 to $38.43 and is now at $29.84, 48% above that low. The 200-day and 50-day moving averages have moved 0.35% lower and 0.01% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Conagra Brands I and will alert subscribers who have CAG in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts conagra brands i

Ticker(s): CAG