ConAgra Ripens

ConAgra (CAG) will soon become a very tempting buy.

The steep downtrend that began early last month has now retraced the stock's entire 2013 range. In September, the bearish action received a major jolt following management's disappointing revision of its 2014 outlook: ConAgra stock dropped more than 6% on the news, taking out key support near the June lows in the process. A week later, the stock was hit with another massive selling wave after the company reported its fiscal first-quarter results. The stock lost 4% on the news, pushing the stock to new lows. Since Sept. 19, the drip lower has continued, but the downside momentum unleashed on Sept. 10 and Sept 19 is beginning to run out of gas....194 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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