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Relative Strength Alert: Chiquita Brands International Shares Strong, Up 1.5% (CQB)

Written on Wed, 08/04/2010 - 5:50am
By Chip Brian

Shares of Chiquita Brands International (NYSE:CQB) showed some positive strength yesterday, trading up 1.5% to $14.85 while the broader market, as measured by the S&P 500 was down 0.49%.
Approximately 607,000 shares traded hands yesterday vs. average 30-day volume of 668,000 shares.
Relative strength is considered a bullish indicator as it implies that investors believe Chiquita Brands International's underlying fundamentals outweigh any weakness or uncertainty in the market as a whole.
SmarTrend is bullish on shares of Chiquita Brands International and our subscribers were alerted to buy on June 14, 2010 at $13.46. The stock has risen 10.3% since the alert was issued.

Keywords: chiquita brands international market movers

Ticker(s): CQB

Contact Chip Brian



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