Today's Technical View: Green Mountain Coffee Roasters, ConAgra Foods, Tyson Foods, and Hormel Foods
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LONDON, June 19, 2013 /PRNewswire/ --
Consumer sentiment in the U.S. rose to the highest level in six years in May, according to Thomson Reuters/University of Michigan. The preliminary reading for June showed that consumer sentiment dipped slightly; however, it is still above 80 which augurs well for consumer goods companies. The improving U.S. economic outlook is expected to benefit consumer goods companies. However, the biggest growth driver will be emerging markets where rising income levels have boosted demand for consumer goods. On Tuesday, June 18, 2013, shares in consumer goods companies ended mostly lower even as the broader market moved higher. The major movers in the sector included Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), ConAgra Foods Inc. (NYSE: CAG), Tyson Foods Inc. (NYSE: TSN), and Hormel Foods Corporation (NYSE: HRL). All these companies are tracked by AAAResearchReports.com. Free in-depth technical analysis on GMCR, CAG, TSN, and HRL are currently available upon sign up at
Green Mountain Coffee Roasters Inc.'s stock ended lower on Tuesday, finishing 0.14% lower at $79.30. A total of 1.61 million shares were traded during the session. The stock's average trading volume stands at 4.94 million shares. In the past 52 weeks, the stock has traded between $17.11 and $81.70. Green Mountain Coffee Roasters Inc. commands a market capitalization of $11.83 billion. The stock is currently trading below its short-term and long-term moving average price of $79.36 and $79.35 respectively. The company's stock trades at a beta of 0.97, implying low volatility. The stock is up 300.1% in the past 52 weeks. Sign up for free technical analysis on GMCR at:
Shares in ConAgra Foods Inc. moved lower yesterday, bucking the trend shown by the broader market. The stock hit an intraday high of $34.64, before finishing the day at $34.50, down 0.26%. Thus far this year, the share has gained more than 18%, outperforming the S&P 500. The company's stock currently trades above its 20-day moving average price of $34.19 but below its 50-day moving average price of $34.91. ConAgra saw volume turnover of 3.62 million shares during Tuesday's session. Its beta of 0.72 implies low volatility. The stock has traded in the range of $23.64 and $36.31 in the past 52 weeks. The processed & packaged goods company commands a market capitalization of $14.38 billion. Download free report on CAG by registering at:
Tyson Foods Inc.'s stock ended higher on Tuesday at $25.88, or up 0.90% from its previous closing price. It saw a total of 3.94 million shares traded. With the wider market swaying sideways during the past 5 trading sessions, the company's shares have gained 3.31% during that period. Since the start of 2013, the stock has gained 34.93%. During yesterday's session, the stock traded between $25.47 and $25.92 while its 52 weeks trading range stands at $14.06 and $25.92. Tyson commands a market capitalization of $9.18 billion, and its stock has a beta of 1.05. The company's stock gained 37.95% in the past 52 weeks. Further, the stock is currently trading above its short-term and long-term moving average price of $25.24 and $24.74, respectively. The free report on TSN can be downloaded by signing up now at:
Shares in Hormel Foods Corporation showed a steep loss in its most recent session on Tuesday, losing 3.59% to close at $39.19. The stock registered a trading volume of 2.84 million during the session, while its average daily trading volume stands at 887,945 shares. The stock oscillated between $38.51 and $39.41 yesterday. Over the past 5 trading days, the stock lost 1.04% while the markets wavered. So far this year, the share has gained 27.74%. Hormel Foods' shares have low volatility with a beta of 0.52, and the company commands a market capitalization of $10.37 billion. Further, the stock is trading below its long-term moving average price of $41.01. A free report on HRL can be accessed by registering at:
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SOURCE AAA Research Reports
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