In the past few sessions Pilgrim's Pride share sharply fell but the stock is presently coming back to a significant support level.

The company has a low valuation which offers an interesting entry point with a mid and long term horizon.

The stock is currently oversold and is trading in a mid-term bearish trend. In the short term, this trend has been reversed after contact with the USD 22.6 area. Pilgrim's Pride should be able to confirm its rebound in further sessions. This support is a trading opportunity in order to anticipate a technical rebound toward USD 25.76 and by extension towards USD 27.

Therefore, the proximity of the USD 22.6 support is an opportunity to open a long position in Pilgrim's Pride. The first goal is a return in the USD 25.76 resistance area, that is a potential of around 10%.
In fact, the security has to cross this area in order to re-establish a bullish trend in the mid term. A stop loss order can be placed under the support currently tested.