Conagra Foods (CAG) – Organic Revenue Growth – Feb 6th, 2020

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.

View CAG Trade

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