Campbell Soup Co

By root | September 04, 2007 AAA

For today's chart we've chosen to take a look at Campbell Soup Co. (NYSE:CPB) because it has recently bounced off the support of a long-term trendline. As you can see from the chart below, the trendline has propped up the price in the past, but a bearish moving average is causing many to question whether this time will be different.

Notice how the 50-day moving average (shown on the second chart as the green line) crossed below the 200-day moving average (pink line). This bearish crossover could be used to signal of a shift in the longer-term uptrend. We believe that technical traders will want to use the moving average crossover as a warning rather than a signal of a shift in trend.

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