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ConAgra Foods (CAG) Food Producer Stock Positioned for a Boost!

Companies / Investing 2010 Jan 05, 2010 - 03:23 AM GMT

By: Jeff_Neal

Companies

Best Financial Markets Analysis ArticleTrading Approach

Identifying fundamentally stellar stocks poised technically to breakout for big profits.


Company Description

ConAgra Foods (CAG) operates as a food company in North America and internationally. It operates in two segments, Consumer Foods and Commercial Foods.. The company was founded in 1919 and is headquartered in Omaha, Nebraska.

Fundamental Picture

This company has stellar fundamentals led by impressive earnings growth and expanding operating margins.

Technical Outlook

ConAgra has a nice long-term uptrend in place, which is being confirmed by the recent bullish MACD crossover. Combine this with a strong fundamental profile makes this stock an attractive trade opportunity.

Trading Action Plan for the Week

Stock Entry: Buy shares of ConAgra (CAG) at 22.98 or better.

Option Entry: Buy the March 22.5 call (CAGCK) at 1.10 or better.

Profit Target Exit: 25.30.

Please note that we will use this price as an initial guide but we will gradually move up our trailing stop to realize as much of the breakout as possible while protecting our profits.

Stop-loss Exit: 21.70.

As the stock starts to breakout we will move the trailing stop up to protect any accrued profits on our stock and option positions.

Review of Open Positions

Trade Date Symbol Trade Trade Comments
11-23-09 HIG Long the stock at 25.16 and long the January 25 call at 1.60. Keep the profit target at 41 and keep the stop at 23. Will look to roll the option or exit this week due to the fact that we are approaching expiration.
12-28-09 BBD Long the February 20 call at 1.65 and long the stock at 20.95. Keep the profit target at 27 and move the trailing stop to 22.20 to protect profits.

Special Stock Trader Subscriber Deal

Not a subscriber? Sign up here and receive a free copy of my eBook "Stock Trading Secrets From The Pros" - which contains insight from my interviews of over 100 of the industry's top traders. You also get my weekly stock and option trade recommendations and a monthly professional trader insight article.

Best Regards,
Jeff Neal

E-mail : Info@stockbarometer.com if you have any questions about this trade or any other questions or comments.

Important Disclosure
Futures, Options, Mutual Fund, ETF and Equity trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in these markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to buy/sell Futures, Options, Mutual Funds or Equities. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this Web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
Performance results are hypothetical. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as a lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
Investment Research Group and all individuals affiliated with Investment Research Group assume no responsibilities for your trading and investment results.
Investment Research Group (IRG), as a publisher of a financial newsletter of general and regular circulation, cannot tender individual investment advice. Only a registered broker or investment adviser may advise you individually on the suitability and performance of your portfolio or specific investments.
In making any investment decision, you will rely solely on your own review and examination of the fact and records relating to such investments. Past performance of our recommendations is not an indication of future performance. The publisher shall have no liability of whatever nature in respect of any claims, damages, loss, or expense arising out of or in connection with the reliance by you on the contents of our Web site, any promotion, published material, alert, or update.
For a complete understanding of the risks associated with trading, see our Risk Disclosure.

© 2009 Copyright Jeff Neal - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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