CPB Bullish For Global Stock Rebound
Updated
CPB (Campbell Soup Co.) is trading around $37.08 today and the market cap stands around 11.167-BLN which renders it a very defensive bullish stock-trade idea.
CPB target is $38.50 for a 3.8% difference from latest quote $37.08. The duration for this trade idea is 1-6 weeks. An appropriate secondary target is $44 for an 18% difference from current quotes.
CPB target is $38.50 for a 3.8% difference from latest quote $37.08. The duration for this trade idea is 1-6 weeks. An appropriate secondary target is $44 for an 18% difference from current quotes.
Trade closed: target reached
Wildly successful play bullish Campbell Soup Co. stock for the rebound. The secondary target is nearly reached and that took less than 10 days. The primary target took less than 4 days to close on; well before the intended duration of 1-6 weeks! Price stands at $42.34 from the original trade idea initiated at $37.08 - a 14% difference standing after 8 days. With the broad stock market rebound complete it's time to revert bearish NASDAQ and S&P 500 via index.
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