LongShort2021

CAG - Rebound from support ?

Long
NYSE:CAG   ConAgra Brands, Inc.
Dear traders,

Looking into opportunities for cheap stocks part of SP500, i have found 3 stocks that printed 6 months low, CAG is testing the very long term support (from 2015).
MACD shows raising wedge, and RSI showing bullish reversal on daily.

Options looks cheap with low volatility.
My entry will be for March expiration.

Let me know your thoughts in the comment,
Good luck,
Sam.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.