ConAgra (CAG) Offering Possible 7.53% Return Over the Next 24 Calendar Days

ConAgra's most recent trend suggests a bearish bias. One trading opportunity on ConAgra is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 7.53% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 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 $34.00 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 below 20 which suggests that the stock is in oversold territory.

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

[$$] No Prize in ConAgra's Cereal Box
Thu, 26 Jun 2014 01:28:18 GMT
The Wall Street Journal – Ahead of the Tape: Amid sectorwide malaise, ConAgra's big bet on Ralcorp isn't delivering the payoff investors had hoped for.

ConAgra’s Cheap Stock May Become Activist Snack: Real M&A
Wed, 25 Jun 2014 23:21:53 GMT

ConAgra’s Cheap Stock May Become Activist Snack
Wed, 25 Jun 2014 23:21:53 GMT

Final Glance: Food companies
Wed, 25 Jun 2014 22:09:27 GMT

Final Glance: Food companies
Wed, 25 Jun 2014 22:09:27 GMT
AP – Shares of some top food companies were mixed at the close of trading: ConAgra Foods Inc. rose $.15 or .5 percent, to $30.85. General Mills Inc. rose $.39 or .8 percent, to $48.05. Hormel Foods Corp. rose …

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