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SmarTrend Watching for Potential Rebound in Shares of Campbell Soup After 2.16% Loss

By Amy Schwartz

Campbell Soup (NYSE:CPB) traded in a range yesterday that spanned from a low of $54.10 to a high of $56.10. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $56.67 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Campbell Soup on February 17th, 2017 by issuing a Downtrend alert when the shares were trading at $59.02. Since that call, shares of Campbell Soup have fallen 3.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Campbell Soup share prices have been bracketed by a low of $44.92 and a high of $67.89 and are now at $55.74, 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.

Keywords: rebounders Campbell Soup

Ticker(s): CPB