Pilgrim's Pride Corporation : A rally could take place
By Anas Boumedian
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$26.75 | $0 | $23.4 | -100% |
Technically, the stock was oversold lately and is coming back now on its USD 25.6 support and its upward trendline. This situation gives credit to a potential technical rebound and give investors a strategic entry point.
Active investors can open long positions above USD 25.6. The downside potential is limited and the timing seems perfect to benefit from a technical rebound. The goals will be fixed at USD 30.8 and a stop loss will be placed under USD 25.6.