Sanderson Farms (SAFM) - A daily double - scores FusionIQ Short Squeeze and new Timing Buy Signal
Sanderson Farms Inc. (SAFM) as well as other chicken producers rallied Monday after Pilgrim's Pride Corp. (PPC) said it would cut production because of rising feed costs. The production cuts announced by Pilgrim's Pride Corp. (PPC), the nation's largest chicken processor, are expected to be about 5 percent in the second half of the year.  The move was supported by analysts, who think cutbacks will help control costs and drive up demand.

With a FusionIQ Master Technical score of 90 and close to 26.00 % of its float short in addition to a new FusionIQ timing BUY signal SAFM looks to have the wind at its back.  This positive liquidity squeeze offers plenty of upside return potential and projects an upside price target of $ 56.00 based on objective point and figure counts.

To examine other stocks in the news to gauge their investment worth subscribe to FusionIQ today at https://www.fusioniqrank.com/signup.php


Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007