Campbell Soup drops after results, levels to watch The stock is down over 3% to $42.32 after earnings. At current price, next support is at $42.90 and then at $42.32. Those supports are pivot lows from early and late June. Resistance is at $44.08. Should the shares make it down to those pivots, it would confirm a large scale double top that has been forming over the last 5 months. This formation is long-term price bearish with downside potential to the $36 area.
News For CPB From The Last 14 Days
Check below for free stories on CPB the last two weeks.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: Brocade (BRCD) downgraded to Neutral from Buy at ISI Group... Campbell Soup (CPB) downgraded to Neutral from Buy at Goldman... Clorox (CLX) downgraded to Sell from Neutral at Goldman... Deere (DE) downgraded to Market Perform from Outperform at BMO Capital... JetBlue (JBLU) downgraded to Underperform from Market Perform at Raymond James... PAA Natural Gas Storage (PNG) downgraded to Neutral from Buy at UBS... Schnitzer Steel (SCHN) downgraded to Underperform from Hold at Jefferies... Windstream (WIN) downgraded to Neutral from Buy at DA Davidson... Gerdau SA (GGB) downgraded to Neutral from Outperform at Credit Suisse... Denbury Resources (DNR) downgraded to Neutral from Positive at Susquehanna... Qihoo 360 (QIHU) downgraded to Hold from Buy at Stifel... Time Warner Cable (TWC) downgraded to Hold from Buy at Argus... Sprint (S) downgraded to Sector Perform from Outperform at Pacific Crest... Comfort Systems USA (FIX) downgraded to Hold from Buy at KeyBanc.