Equity Oracle: 07/03/14


Last week, on June 26th, an alert went out to buy Conagra Foods, Inc. (CAG). This was a contingent buy alert, which meant that we had to wait for the green candle before getting into the position. On the very next day the stock formed a bullish engulfing pattern and we jumped in. The stock rallied nicely for a series of 5 green candles in a row and has now stopped at the 200-day moving average.

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