U.S. stock market ended on a positive note on Wednesday boosted by tech shares. The S&P 500 and Dow Jones industrial average closed at record highs, while the energy sector had the highest weight on market. The Dow Jones industrial average rose 12.75 points or 0.07% to close at 17827.69, the S&P 500 gained 5.76 points or 0.28% to close at 2072.79 and the NASDAQ Composite added 29.07 points or 0.61% to close at 4787.32. With half day trading session on Friday, market is expected to trade in a range with less volume.
BULLS
OF THE STREET (NYSE)
Name
|
Close
Price ( $ )
|
Change
%
|
UBS
Group Wi
|
23.20
|
32.70
|
American
Realty Investors
|
05.99
|
14.31
|
Veeva
Systems
|
32.43
|
12.45
|
E-House
Holdings ADS
|
09.89
|
09.71
|
China
Life Insurance ADS
|
52.37
|
09.26
|
BEARS
OF THE STREET (NYSE)
Name
|
Close
Price (
$ )
|
Change
%
|
Sea
drill
|
16.09
|
22.28
|
North
Atlantic Drilling
|
02.66
|
16.09
|
Diamond
Offshore Drilling
|
32.35
|
10.54
|
FMSA
Holdings
|
11.51
|
10.15
|
Fortuna
Silver Mines
|
04.51
|
07.96
|
CONAGRA FOODS INC
 |
| Technical Chart |
Recommendation : Buy above $35.91
Target : $37.50
STOCK SUMMARY:-Conagra Foods Inc is overall in bullish trend and is sustaining at higher levels on chart. Traders can buy the stock above the level of $35.91 which is a near term resistance level for the stock, and if it manages to breach this level further bullish movement is expected in this stock to test the levels of $37.50.
CHART FORMATIONStock is in bullish trend for near term and price is sustaining above trend line with good consolidation on daily intraday chart. Near term breach of resistance level of $35.91 is expected, which would trigger further bullish sentiment in the stock to test the levels of $37.50.
INDICATORS:-
RSI is trading with positive bias and is sustaining above the level of 50.
In MACD, signal line is sustaining above MACD line which is indicating bullish sentiment in the stock.
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