Conagra, Inc.’s (CAG) share price continues to head higher after taking flight with the market in early March. Since then, this stock has risen from $14 to a recent high above $20, pulling back a bit now after hitting the new 6-month high. The stochastic indicates that CAG remains a safe distance from overbought territory. Earnings estimates have also been on the rise, with the current-year adding a penny in the last 7 days to $1.65 per share. Take a look below.
Pharmerica, Inc. (PMC) has also been posting solid gains over the last 3 months, climbing from just above $14 in mid March to a recent high above $20. On a longer term basis, shares are now pressuring a key level from the last 6 months at $21. The MACD is also bullish, with the short-term moving average advancing ahead of the long-term moving average. Take a look below.
