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Possible Trend Reversal, Pinnacle Foods I Down on Heavy Volume (PF)

By Amy Schwartz

Shares of Pinnacle Foods I are trading down 0.5% to $63.81 today on above average volume. Today's volume of 1.4 million shares tops the average 30-day volume of 1.1 million shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Pinnacle Foods I on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.27. Since that recommendation, shares of Pinnacle Foods I have risen 13.9%. We continue to monitor PF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Pinnacle Foods I have traded between a low of $52.25 and a high of $64.77 and are now at $63.81, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

Keywords: unusual volume pinnacle foods i

Ticker(s): PF