• Return to Headlines

Conagra Brands I Rises 2.52% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Conagra Brands I (NYSE:CAG) traded in a range yesterday that spanned from a low of $34.00 to a high of $34.92. Yesterday, the shares gained 2.5%, which took the trading range above the 3-day high of $34.49 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Conagra Brands I on November 10th, 2016 by issuing a Downtrend alert when the shares were trading at $35.55. Since that call, shares of Conagra Brands I have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Conagra Brands I share prices have moved between a 52-week high of $41.68 and a 52-week low of $32.93 and are now trading 6% above that low price at $34.86 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Keywords: rebounders conagra brands i

Ticker(s): CAG