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4-Traders Homepage  >  Equities  >  Nasdaq  >  Pilgrim's Pride Corporation    PPC

Delayed Quote. Delayed  - 02/09 04:00:00 pm
22.1 USD   -2.60%
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Pilgrim's Pride Corporation : Pre-Market Analysis on Tyson Foods, Smithfield Foods, Hormel Foods, and Pilgrim's Pride

04/09/2013 | 08:05am US/Eastern

LONDON, April 9, 2013 /PRNewswire/ --

2012 was a challenging year for meat producers such as Tyson Foods Inc. (NYSE: TSN), Smithfield Foods Inc. (NYSE: SFD), Hormel Foods Corporation (NYSE: HRL), and Pilgrim's Pride Corporation (NASDAQ: PPC) as the worst drought in U.S. history led to higher feed costs. Feed costs are expected to remain high this year as well. The crucial thing, therefore, for meat producers will be to achieve operating efficiency and costs control. On Monday, shares of meat products companies ended on a mixed note even as the broad market managed to pare all of its losses in late trading to finish the day higher. StockCall has posted free technical research on TSN, SFD, HRL, and PPC which can be downloaded upon sign up at

http://www.stockcall.com/signup

Shares of Tyson Foods Inc. fell sharply in trading on Monday even as the broad market finished the day in the green. The stock touched an intra-day low of $23.41 before finishing the day 1.08% lower at $23.77 on above average volume of 4.81 million. Tyson Foods' shares have struggled lately. In the last three trading sessions, the stock has fallen more than 2.80%. Despite the recent losses, shares of TSN have gained more than 22% so far in 2013, outperforming the S&P 500. However, technical indicators for the stock suggest that market sentiment has turned bearish. Sign up and read the complimentary report on TSN at

http://www.StockCall.com/TSN040913.pdf

Another major loser in Monday's trading session was Smithfield Foods Inc. Shares of the meat products company ended the day 2.59% lower at $25.56 on volume of 1.47 million. The stock touched an intra-day low of $25.36. Despite the sharp pullback on Monday, Smithfield Foods' shares are currently trading close to their 52-week high of $27.33. Year-to-date, the stock has gained 18.50%, outperforming the S&P 500. The company's shares have slipped below $26 support level, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. The free report on SFD can be downloaded by signing up now at

http://www.StockCall.com/SFD040913.pdf

Shares of Hormel Foods Corporation ended marginally higher on Monday, tracking gains in the broad market. The stock ended the day 0.52% higher at $40.30 on volume of 592,788. Shares of HRL are currently trading close to their 52-week high of $41.32. The stock has had an excellent run so far in 2013, gain nearly 30%. However, in the last few sessions, market sentiment seems to have turned bearish on the stock. The stock's MACD has crossed below the signal line recently, which is a negative signal. Free report on HRL can be accessed by registering at

http://www.StockCall.com/HRL040913.pdf

Shares of Pilgrim's Pride Corporation edged higher on Monday; however, the gains were limited. The stock ended the 0.68% higher at $8.96 before finishing the day 0.68% higher at $8.91 on volume of 329,714. The company's shares have fallen more than 2% in the last three sessions. The stock has traded sideways in the last two months, struggling to break through $9.50 resistance level. Its MACD has just crossed below the signal line, which is a bearish signal. Register with StockCall and download the research on PPC for free at

http://www.StockCall.com/PPC040913.pdf

About StockCall.com

StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at

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SOURCE StockCall.com

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