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

Posted: Tuesday, September 08, 2009 2:33 PM EDT

ConAgra Foods (NYSE: CAG) hit a new 52-Week high of $21.81 so far today. Currently the stock is up $0.90 (4.34%) to $21.62 on 5,455,413 shares traded. Today's high is up $8.10 from a 52-Week Low of $13.52. ConAgra Foods stock has been showing support around $19.64 and resistance in the $21.28 range. Technical indicators for the stock are neutral and S&P gives CAG a neutral 3 STARS (out of 5) hold ranking. 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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