As I’m going through all of the individual stocks within XLP (consumer staples ETF), it appears I might have missed this one in yesterday’s video highlighting my favorite trade ideas in the Packaged Foods subsector of the larger Consumer Staples sector.
CAG daily April 17th
CAG (Conagra Brands Inc) buy signal to come on a breakout above this bullish falling wedge pattern. Price targets shown on the daily chart below with both the 200-day moving averages, as well as a downtrend line, which are also likely to come into play as resistance levels, in addition to the price targets, which are horizontal resistance levels (always set your sell limit order slightly below those actual resistance levels in case the sellers step in early). Of course, moving averages & trendlines (upward or downward-sloping) are dynamic, meaning their price levels come in at different points every day.
To recap, some of my top picks in yesterday’s video on the trade ideas in the packaged foods sector were: KHC, GIS, HRL, SJM, PPC, LW, & BYND (along with a few others). I also plan to follow up with some additional swing trade ideas in the Consumer Staples sector & other individual stocks with attractive R/R profiles later today.
Most of the stocks within the consumer staples sector, including the packaged food stocks, are both Swing Trade ideas as well as Growth & Income Trade ideas, due to the above-average dividend yields on many of those companies.