ConAgra Foods (CAG) NewsBite - CAG Downgraded By EVA Dimensions, LLC

Posted: Friday, June 04, 2010 2:21 PM EDT

ConAgra Foods (CAG) was downgraded today by analysts at EVA Dimensions, LLC and the stock is now at $24.40, down $0.35 (-1.41%) on volume of 1,447,580 shares traded. EVA Dimensions, LLC downgraded the stock today to Overweight from Buy. Over the last 52 weeks the stock has ranged from a low of $18.47 last June to a high of $26.32 in April. ConAgra Foods stock has been showing support around $24.50 and resistance in the $24.96 range. Technical indicators for the stock are bullish and S&P gives CAG a positive 4 STARS (out of 5) buy ranking. We will just watch this one for now. There are no hedged trades we like the look of for CAG. [ABR-Seven Summits Strategic Investments NewsBite]

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