Pilgrim’s Pride delivered strong Q3 earnings, with EPS beating estimates by +8.83% and revenue slightly above expectations.
Fundamentally, the company continues to demonstrate resilience in a defensive sector, while technically, the chart is showing an interesting setup for swing traders.
The price has now reached a major buy zone, an area that acted as a strong support during previous market cycles.
Momentum indicators are both turning from oversold levels, signaling a potential bullish reversal. "The Wave" indicator is flashing too.
I’ve identified a clear buy zone between $36–$38, with a stop-loss area below $33, and a first take-profit target around $55–$57, corresponding to the previous resistance range.
That’s a risk/reward ratio of roughly 1:5, ideal for mid-term swing positioning.
Earnings confirmation combined with this technical structure makes
PPC one of the most interesting setups on my watchlist this week.
#investing #trading #trader #stocks
Fundamentally, the company continues to demonstrate resilience in a defensive sector, while technically, the chart is showing an interesting setup for swing traders.
The price has now reached a major buy zone, an area that acted as a strong support during previous market cycles.
Momentum indicators are both turning from oversold levels, signaling a potential bullish reversal. "The Wave" indicator is flashing too.
I’ve identified a clear buy zone between $36–$38, with a stop-loss area below $33, and a first take-profit target around $55–$57, corresponding to the previous resistance range.
That’s a risk/reward ratio of roughly 1:5, ideal for mid-term swing positioning.
Earnings confirmation combined with this technical structure makes
PPC one of the most interesting setups on my watchlist this week.#investing #trading #trader #stocks
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.