$CAG Conagra Long above $35.00
Possible long entry above $35.00
Earnings are expected to be good as comfort\stay at home food sales within lockdown surged.
Company profile
Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.
CAO trade ideas
C&H Earnings BMOI see CAG trading in a cup and handle pattern and earnings are tomorrow bmo .
CAG has fallen out of the rising wedge and support may be at 31 ( ish )
Trading before earnings is very risky so do your research and CAG is not quite to breakout which is 35.7
Targets are between 40 and 43
CAGif the price breaks the level 1.61 fibo with force there is a probability of going to seek the level 1 fibo.
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DISCLAIMER: As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Not every idea is a valid trade. This analysis is a trading idea, not a trading signal for you.
Stock reversal After the stock was sharply falling, the significant volume came out, - that's the first sign of the trend stalling. Then the reversal pattern appeared, which got confirmed by the big white candle that closed above January high (marked as bright green). I was a bit late as I didn't manage to catch the market closing, so I tried to get in at the opening on the following day.
1)Stop loss is under recent lows.
2)Profit target is around the beginning of the sharp decline.
Yer-End ReviewDespite my Best Efforts...
"They" screwed me all year!
I am Angry with myself, and, can't seem to get over it.
It doesn't matter what I sold, "They" ran it Higher.
I guess that I have to Own my Misstakes.
But, it is tough dealing with Criminals.
I sold CAG in September @ $31.57
"They" dropped it down to $26.50 in October.
Then, bounced it Higher.
Now, I just do Nothing.
Remember: Doing Nothing is doing Something.
CAG - DAILY CHARTHi, today we are going to talk about Conagra Brands and its current landscape.
Conagra Brands is poised to receive increasing attention from the market as relevant events are taking place. The American packaged foods company issued a better than expected EPS and sales results on its second-quarter as demand for snacks and frozen food soars. The better result of Conagra can also be justified by its efforts in investing in new brands and the increasing of its partnership with retail outlets.
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CAG Short opportunity now by Wyckoff After the stock broke out of the trading range,
The buyers are not eager to buy even at relatively low price.
At this juncture there is a high probability trade to the downside,
With a very big potential, and very little risk.
My conclusions will remain the same,
Unless i see strong conviction from buyers.
Conagra Breakout TargetsCAG Conagra Brands gapped up out of its recent consolidation pattern, freeing it up for a run to posted targets. Gains of 10% and 20%, respectively. Shown below is a close up daily chart for a better view of the gap up breakout. Monthly chart indicates this stock could very well see the 44 area longer term. I personally like this stock for longer term buy for gains+dividends. Shorter term, look for Sept 20th C31, currently available for about .40 per contract. Happy hunting and GLTA!
CAG - Conagra Brands Inc. - Long IdeaI'm breaking down what I'm seeing on CAG - Conagra Brands Inc. (Nasdaq) Price has suffered late last year (Nov) but has rebounded nicely to almost the 61.8% Fib retracement area (not shown), pushing through 50% now on the Monthly charts, Price is above a 200 daily EMA. I see price relaxing a bit back down to the 50-61.8% Fib on the current leg up. Then, with a confirmation pattern I would enter a long position, these are buy and hold brands, getting in at a better price is always creamier.
If price continues up from here, I follow with my Fibonacci levels and adjusted entry, still waiting for reversion to mean approach. 1-2% Risk 2:1RR -Happy Trading
THE WEEK AHEAD: TLRY, MU, CAG EARNINGS; XOP, GDXJThree earnings announcements interest me this coming week from a volatility contraction standpoint: TLRY (--/79),* announcing on Monday after market close; MU (45/51) -- Wednesday after market close, and CAG (86/45), Thursday, before market open.
CAG: Pictured here is a CAG April 18th 22/24/25 Jade Lizard, which was 1.03 at the mid as of Friday close, giving it a downside break even of 20.97 with no upside risk, since the credit received exceeds the risk of the short call aspect of the setup. It's a bullish assumption, theta positive setup with a net delta of 21.14 and a theta of 1.86.
Since it's gotten totally hammered since last earnings and does pay a dividend (.85 annualized; 3.69% yield), I could also see just going the most straightforward route, which would be short put, with the at-the-money 23 in the April monthly paying 1.11 with a downside break even of 21.89.
TLRY: The April18th 55/60/85/90 iron condor's paying 1.63 at the mid, but I'd be picky and hold out for one-third the width of the wings in credit or pass on partaking, since the markets in the underlying are wider than I'd like. For the young at heart, the 60/85 one standard deviation move break even short strangle's paying 4.11, but would plan on a touch of price discovery if you want in.
MU: The April 18th 40 short straddle is paying 4.53 at the mid and is about as delta neutral as you can get (.78) with a theta of 6.7 and break evens of 35.47/44.53. For those who need more room to be wrong and/or delta balance without going inverted: the 35/44 short strangle is paying 1.43 with one standard deviation break evens on both sides (33.57/45.43).
On the exchange-traded fund front, premium selling is somewhat thin here with GDXJ (34/26), GDX (31/23), TBT (23/20), OIH (21/28), and IYR (19/12) rounding out the type five sorted by rank; XOP (18/29), OIH (21/28), EWZ (5/28), USO (10/27), and GDXJ (34/26), if sorted by 30-day implied. I'm still short straddling XOP (See Post Below), but don't have anything on in gold (GDX, GDXJ), so may putz with something small and nondirectional there. However, neither the GDX nor GDXJ at-the-money short straddles appear to be paying the 10% I generally like to see out of those -- the GDXJ May 17th 32 is paying 2.80 versus a 32.33 share price; the GDX May 17th 22, 1.67 versus a 22.30 share price.
* -- TLRY doesn't yet have a 52-week rank metric, since it hasn't been around that long yet.
CAG - Let's Short some market NYSE:CAG
On the wave of a general sale, I found an excellent opportunity for short - ConAgra Brands Inc. In terms of technical analysis, this is the best opportunity for short.
(I publish with a little delay. There was no time to do it yesterday)
Let's make some money on sales!
Open: 36.89
SL: 37.51
TP: 34.41
Risk/Profit - 1/4