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JimVanMeerten (57.35)

Pilgrim's Pride



July 13, 2014 – Comments (0) | RELATED TICKERS: PPC

The Chart of the Day belongs to Pilgrim's Pride (PPC). I found the stock by sorting the New High list for new high frequency in the last month ten used the Flipchart feature to find the charts I liked. Since the Trend Spotter signaled a buy on 6/18 the stock gained 17.51%.

PPC is one of the largest chicken companies in the US, Mexico and Puerto Rico. The company's fresh chicken retail line is sold throughout the US, throughout Puerto Rico, and in the northern and central regions of Mexico. Its prepared chicken products meet the needs of some of the largest customers in the food service industry across the US. Additionally, the Company exports commodity chicken products to over 90 countries. As a vertically integrated company, it controls every phase of the production of its products. The company operates feed mills, hatcheries, processing plants and distribution centers in US, Puerto Rico and Mexico.

Barchart technical indicators:

96% Barchart technical buy signalsTrend Spotter buy signalAbove its 20, 50 and 100 day moving averages16 new highs and up 26.38% in the last monthRelative Strength Index 77.70%Barchart computes a technical support level at 29.37Recently traded at 30.33 with a 50 day moving average of 25.64

Fundamental factors:

Market Cap $7.86 billionP/E 13.11Revenue expected to grow 1.70% this year and another 1.40% next yearEarnings estimated to decrease 6.50% this year, decrease another 14.0% next year but increase at an annual overall rate of 9.00% for the next 5 yearsWall Street analysts issued 1 strong buy and 3 hold recommendations  on the stock

Use the 50 day moving average to gauge signs of weakness and the 100 day moving average to exit.

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