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ConAgra Foods, Inc. Message Board

  • diligentconqueror_m diligentconqueror_m Feb 19, 2013 12:03 PM Flag

    Raised guidance

    And now oversold drastically, must be due to profit taking and a shift to risk back on, due to the market flying in bank stocks and others. The safe and stable play is here in CAG, as the price will definitely keep moving up. Unusual heavy selling today, and the chart shows it as very oversold. The recent acquisition will add to the bottom line and the company has already raised guidance due to that, and is likely conservative in the estimates. So, I would not sell at this low price. Any price drop should be minimal compared to year end gains....imo.

    Sentiment: Buy

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CAG
43.55-0.04(-0.09%)Sep 23 4:02 PMEDT