ConAgra Foods (CAG) NewsBite - CAG Hits 52-Week High

Posted: Monday, November 23, 2009 2:12 PM EDT

ConAgra Foods (NYSE: CAG) hit a new 52-Week high of $22.84 so far today. Currently the stock is up $0.23 (1.03%) to $22.58 on 1,434,944 shares traded. Today's high is up $9.06 from a 52-Week Low of $13.52. ConAgra Foods stock has been showing support around $22.06 and resistance in the $22.64 range. Technical indicators for the stock are neutral and S&P gives CAG a neutral 3 STARS (out of 5) hold ranking. ConAgra has been in a strong upward trend over the past couple of weeks and rose today to set a new 52 week high. If you are looking for a hedged play on CAG the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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