PF finds buyers again around 66.07
Pinnacle Foods Inc (PF) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
PF finished the week -0.97% lower at 66.13 after losing $0.12 (-0.18%) today. Today's closing price of 66.13 marks the lowest close since July 30th. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Daily Candlestick Chart (PF as at Aug 10, 2018):
Friday's trading range was $0.25 (0.38%), that's below last trading month's daily average range of $0.45. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.
After having been unable to move lower than 66.11 in the previous session, Pinnacle Foods found buyers again around the same price level today at 66.07.
Although the market is currently in a short-term down trend, this could just be a correction, as the medium and long term trends are both positive.