ConAgra Foods (CAG) NewsBite - CAG Covered In Lee Allen Report Today

Posted: Thursday, November 20, 2008 12:04 PM EDT

ConAgra Foods (CAG) was covered in a Lee Allen Report today and the stock is now at $14.70, down $0.28 (-1.87%) on volume of 1,606,084 shares traded. To see the report, and get Lee's theory on economic recovery, go to http://www.iotogo.com/la112008 . Over the last 52 weeks the stock has ranged from a low of $14.96 to a high of $26.22. ConAgra Foods stock has been showing support around $14.40 and resistance in the $16.10 range. Technical indicators for the stock are bullish and S&P gives CAG a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CAG the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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