By Jeff Pierce 

Dec 14th Update 

cag

Oct 30th Update

CAG is a chart that looks tired on many timeframes. I’ve watched this stock for over a year as it was on my buy list on tradewithZEN for most of 2013 until it topped out over the summer. Now the chart is completely wrecked and it looks like a decent short opportunity setting up right now. Earnings have not been well received as of late and the chart itself is running right into strong resistance. Add in the fact the RSI is a touch above 60 and that looks to be a top. Now that it’s entered a bearish phase, look for the RSI to oscillate between 60 and 20.

CAG

 

 

 

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