Bullish: CAG $21.42 – Consumer Staples
IV Rank: 20%
The bullish DailyPlay we chose for Thursday, Feb 6th is Conagra Foods (CAG). CAG is part of the Consumer Staples Sector (XLP). XLP has rallied 2.50% higher over the past month and its 1m and 6m trend turned bullish on Feb 4th and recently bounced higher off its $63 support level.
Conagra Food’s 1m and 6m trend bullish yesterday while bouncing higher off its $32 support level. With a technical score of 7 (out of 10), CAG is a strong stock that will likely continue higher.
As a stop loss, if CAG was to trade below $32 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.
Thursday, Feb 6th @ 4:15PM EST – The Benefits of Trading Options – Reserve Your Spot