CAG, Conagra

cag june 11 2013

Conagra is at a very interesting point. It could go higher if it manages to decisively break the $36 double top level that has held for the past 16 years. If not it could lose 2/3 of it’s value as it returns to the level of a previous 4th wave. Mathematically a new high would target approximately $45 and a new low $15. The risk /reward favours getting out, but a tight stop-loss may work just as well.