Soup Season? Campbell Soup Stock Trade Setup

Campbell Soup $CPB is typically a slow stock and not one I would consider to be a great candidate for a short term trade, however the chart setup is compelling enough to take a closer look. The chart below shows 3 timeframes: Weekly, Daily and intraday.

Weekly- Clear uptrend with prices above the 10, 20 and 40 week (50, 100 and 200 day) moving averages.

Daily- Uptrend with recent consolidation just below resistance of 3545

10 Minute- above the rising 5 day moving average and has traced out an inverted head and shoulders pattern. A move above 35.45 should pave the way for a move up towards 36.50 and a reasonable stop level would be just belo the higher low and basis of the right shoulder at 35.00.

click chart to expand

ACTIONABLE, CLEARLY EXPLAINED TRADING IDEAS EVERYDAY WITH ALPHATRENDS PREMIUM

Want more premium content?
Sign Up To Get 2 Of My Stock Trading Guides & 5 Days Of Proprietary Education!

Get My 2 FREE Guides & 5 Days Of Proprietary Education

MENU