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Sanderson Farms, Inc. (SAFM) - Buy, Sell or Hold?

Sector: Consumer Non-Durables   Sub-Sector: Meat/Poultry/Fish
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingMon, 06 Nov 201712.52%
***Stock database and scans are updated around midnight (New York time) every trading day.
163.37 0.00 (0%) Nov 28 4:00pm EDT
Open: 161.67 Range: 160.21 - 163.65 Vol: 553.05K Avg Vol: 541.27K
EPS: 12.46 P/E ratio: 12.01 EBITDA: 527.25M Mkt Cap: 3.40B
Analyze "SAFM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 162.68
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 157.05
Last Trade is above the 50 day moving average at 155.10
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 127.64
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SAFM

Stock Trend Analysis - Buy, Sell or Hold "Sanderson Farms, Inc." (SAFM)?

SAFM is in a very strong uptrend. In the last 52 weeks, SAFM has been trading above the 200 day moving average for 92% of the time with an average daily volume of 541.3K shares being traded. The 50 day moving average, currently at 155.10, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. SAFM was only able to maintain above the 20 SMA for 47.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. Traders who are thinking of going long SAFM shares should consider patiently waiting for price to be near the 50 or 200 SMAs, currently at 155.10 and 127.64 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SAFM".

The analyst consensus estimates for the 1 year price target for this stock is $125.60* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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