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SmarTrend Watching for Potential Rebound in Shares of Campbell Soup Co After 1.61% Loss

By Shiri Gupta

Campbell Soup Co (NYSE:CPB) traded in a range yesterday that spanned from a low of $41.10 to a high of $41.85. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $41.40 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Campbell Soup Co on June 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.81. Since that recommendation, shares of Campbell Soup Co have risen 14.9%. We continue to monitor CPB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Campbell Soup Co share prices have moved between a 52-week high of $54.37 and a 52-week low of $32.63 and are now trading 28% above that low price at $41.79 per share. The 200-day and 50-day moving averages have moved 0.17% lower and 1.61% higher over the past week, respectively.

Keywords: rebounders campbell soup co

Ticker(s): CPB