Stock Chart Analysis CAG

Posted by downtowntrader | 4/29/2007 09:41:00 PM | 0 comments »

Stock Chart Analysis of ConAgra Foods, Inc. (Public, NYSE:CAG)

CAG has been moving sideways after falling out of a head and shoulders top, and could be accelerating to the downside again. It broke out of a triangle consolidation pattern and then gapped lower. It sure looks like it will go lower, but the tough part may be finding a decent entry with a manageable stop.


Good Trading,


Joey

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