This is just another chart I'm watching. It looks bullish, but I want confirmation. Looking for a weekly hold or two at these levels before I jump in. The macro economic conditions are not good for stocks, but i do love me some soup
General Mills, Kellogg, Campbell, Hershey, Smuckers, Sysco, McCormick & Company, and ConAgra are a handful of the largest American pantry/snack favorites.
These Fib Schematics look pretty good and are easy to decipher. This makes this a good idea other than the fact that I should have grouped my tow food ideas differently. I have another Food Idea linked below...
Not my favorite stonk to play but the trade worked to 1st target twice last trade.
CPB
BUYZONE = 47 - 48
Cost Avg Down (CAD) = 44-45
1st Target = 51
2nd Target = 54
3rd Target = 57
HODL Target = 63
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This content is for informational, educational...
CPB (Campbell Soup Co.) is trading around $37.08 today and the market cap stands around 11.167-BLN which renders it a very defensive bullish stock-trade idea.
CPB target is $38.50 for a 3.8% difference from latest quote $37.08. The duration for this trade idea is 1-6 weeks. An appropriate secondary target is $44 for an 18% difference from current quotes.
