Get started
quickshiftinn

Campbell's ready to pop!

Long
Campbell Soup Company (BATS:CPB)  
quickshiftinn Updated   
BATS:CPB   Campbell Soup Company
Pivot Points Trend Lines Chart Patterns roundingbottom rsi_divergence goldencross bullflagpattern
2
0
pivotpoints trendline chartpattern roundingbottom rsi_divergence goldencross bullflagpattern
Campbell's looks primed for a pump for a variety of reasons

  • Massive 336 day rounding bottom with rising momentum
  • Golden Cross on daily chart
  • Hit overbought during recovery
  • Staples sector showing recent strength
  • Moving into range where it previously gapped down, potential for sharp rise to top of the range
  • Bullish flag since mid April

Long term monthly chart we can shows CPB recovering from the 200 period moving average along a very lengthy uptrend.

snapshot
Comment:
A little tailwind this morning by way of analyst upgrade to market perform from underperform

www.tradingview.com/..._DN20240515005440:0/
Comment:
CPB rebounded strongly today, and with earnings coming up, maybe the trade is to pile in before other optimists position for a positive report.

Technically if the price breaks through the thin trading range it's threatening to the upside, there's potential for a gap-up on the daily chart towards $49!

snapshot
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.