PF finds buyers again around 66.07
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.
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.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Pinnacle Foods Inc
|Close to R1 Resistance||TQ Pro Members Only|
|Close near low of period||TQ Pro Members Only|
|3 Consecutive Higher Closes||TQ Pro Members Only|
|Shooting Star||TQ Pro Members Only|
|Bounced off Technical Resistance R1||TQ Pro Members Only|
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