ConAgra (CAG) Offering Possible 8.7% Return Over the Next 10 Calendar Days

ConAgra's most recent trend suggests a bullish bias. One trading opportunity on ConAgra is a Bull Put Spread using a strike $47.00 short put and a strike $42.00 long put offers a potential 8.7% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $47.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $42.00 long put 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 up which suggests that the medium-term momentum for ConAgra is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought 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

The Zacks Analyst Blog Highlights: Macy's, Discovery Communications, Boston Scientific, Broadcom and ConAgra Foods
Mon, 10 Oct 2016 13:30:01 GMT

CONAGRA FOODS INC /DE/ Financials
Sat, 08 Oct 2016 17:04:07 GMT

ConAgra Foods Announces Details of Lamb Weston Investor Day Audio Webcast
Fri, 07 Oct 2016 19:59:01 GMT
noodls – CHICAGO–(BUSINESS WIRE)–Oct. 7, 2016– The leadership team of Lamb Weston, a leading supplier of frozen potato products to restaurants and foodservice distributors, will host an Investor Day on Thursday, …

ConAgra Foods Announces Details of Lamb Weston Investor Day Audio Webcast
Fri, 07 Oct 2016 19:30:00 GMT
Business Wire – The leadership team of Lamb Weston, a leading supplier of frozen potato products to restaurants and foodservice distributors, will host an Investor Day on Thursday, Oct. 13, 2016 at 9 a.m.

5 Top ROE Stocks to Buy as Energy & Financial Markets Revive
Fri, 07 Oct 2016 10:53:10 GMT

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