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...
Short CPB Put on the Weekly - Buy Dec-02-22 $52 Strike Puts @ 0.25 Limit to Open
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 ______________________________________________________________________________________________________________________ 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.
Im looking here for a quick 3-5% nothing fancy good support lines and pivot points. Volume was fair today and expect it to continue to have buying pressure raising the price of this stock.... If you join along for the ride, brag about and let me know! Entry: $47.90 Target: Above 47.90 Stop: 45.45