From a fundamental viewpoint, Pilgrim's Pride Corporation stock is cheap with a P/E Ratio of 8.63x for 2015. Analysts covering the security are optimistic and target a 27% appreciation potential on average.

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.