ConAgra (CAG) Offering Possible 7.53% Return Over the Next 14 Calendar Days

ConAgra's most recent trend suggests a bearish bias. One trading opportunity on ConAgra is a Bear Call Spread using a strike $22.00 short call and a strike $27.00 long call offers a potential 7.53% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $22.00 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 $27.00 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

Campbell Soup’s new CEO led flagging Pinnacle Foods, but analysts are upbeat
Wed, 02 Jan 2019 15:10:00 +0000
Campbell Soup selected a food industry vet, Mark Clouse, as its new CEO, who joins from Pinnacle Foods, a company whose weaknesses were discussed by its new owner, ConAgra Foods.

Kraft Heinz (KHC) Down 42% YTD: Can the Stock Revive in 2019?
Mon, 31 Dec 2018 13:27:01 +0000
Kraft Heinz (KHC) has been battling escalated costs and softness in its Canadian business. However, the company is undertaking endeavors to enhance performance.

Lamb Weston (LW) Q2 Earnings & Sales Likely to Increase Y/Y
Mon, 31 Dec 2018 12:34:12 +0000
Lamb Weston (LW) is likely to gain from robust price/mix, strong Global segment and focus on LTOs. These are likely to help the company overcome cost hurdles.

Why Conagra Brands Has Turned Into a Terrible Investment
Sun, 30 Dec 2018 13:16:00 +0000
A bad year will end on a stale note, and there’s not much reason to expect a rebound.

[$$] What to Buy After the Stock Market Selloff
Sat, 29 Dec 2018 00:21:00 +0000
The year is ending badly for stocks, which has investors averting their eyes. After the 15% decline since September, there are plenty of ways to look for stocks that have gotten too cheap. The diverse list includes fashion retailer L Brands, flooring company Mohawk Industries, consumer health company Perrigo, chip maker Western Digital, food makers Conagra Brands and Kraft Heinz, and biotechnology company Celgene.

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