ConAgra (CAG) Offering Possible 7.53% Return Over the Next 20 Calendar Days

ConAgra's most recent trend suggests a bearish bias. One trading opportunity on ConAgra is a Bear Call Spread using a strike $28.00 short call and a strike $33.00 long call offers a potential 7.53% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $28.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $33.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for ConAgra is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for ConAgra is bearish.

The RSI indicator is at 31.75 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for ConAgra

A recession could mean big business for McDonald’s: strategist
Wed, 23 Oct 2019 10:51:04 +0000
Bruderman Asset Management Chief Market Strategist Oliver Pursche tells Yahoo Finance’s On the Move why an economic downturn could be good for McDonald's.

Conagra Reshuffles Portfolio With DSD Snacks Divestiture
Tue, 22 Oct 2019 10:38:10 +0000
Conagra Brands (CAG) closes the divestiture of the DSD snacks business to Utz Quality Foods.

Conagra Brands Completes Divestiture Of Direct-Store-Delivery Model Snacks Business To Utz Quality Foods, LLC
Mon, 21 Oct 2019 20:16:00 +0000
CHICAGO , Oct. 21, 2019 /PRNewswire/ — Today Conagra Brands, Inc. (CAG) announced that it has completed the divestiture of the portion of its snacks business that operates under a Direct-Store-Delivery …

Factors to Know Ahead of Beyond Meat's (BYND) Q3 Earnings
Mon, 21 Oct 2019 14:31:06 +0000
Expansion plans, solid demand and supply-chain initiatives are likely to have aided Beyond Meat's (BYND) performance in third-quarter 2019.

Factors Setting the Tone for Mondelez's (MDLZ) Q3 Earnings
Mon, 21 Oct 2019 13:29:01 +0000
Benefits from strong brands in the snacking arena are likely to shown on Mondelez's (MDLZ) Q3 performance. However, high input costs and adverse currency rates are concerns.

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