The Chart of the Day belongs to Pinnacle Foods (NYSE:PF). I found the company by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/28 the stock gained 4.79%.
Pinnacle Foods Inc. is a manufacturer, marketer and distributor of branded food products primarily in North America. The Company operates through three segments: the Birds Eye Frozen Division, the Duncan Hines Grocery Division and the Specialty Foods Division. It also manufactures and distributes canned meat, shelf-stable pickles and frozen seafood. The Company sells its products through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
Fundamental factors:
Although the 50-100 Day MACD oscillator has been a good technical trading strategy for this stock I'd still advise you to use a moving stop loss 10% below the most recent high.
