Yahoo Finance Today’s Research on SFD, FOSL, CZZ, and CQB
StockCall.com Provides Stock Research on Smithfield Foods Inc., Fossil Inc., Cosan Ltd., and Chiquita Brands International Inc.
New York City, New York -- (May 09, 2013)
Equity markets edged higher on Wednesday, with the Dow Jones and S&P 500 closing at yet another record high level. Stocks, initially, struggled as investors took a pause after the recent rally. However, all three benchmark indexes turned positive by mid-day trading as market participants cheered better-than-expected economic data from China. Consumer goods stocks ended mostly higher yesterday. Among the major movers in the sector were Smithfield Foods Inc. (NYSE:SFD - News), Fossil Inc. (NASDAQ:FOSL - News), Cosan Limited (NYSE:CZZ - News), and Chiquita Brands International Inc. (NYSE:CQB - News). StockCall professionals have completed their technical analysis on SFD, FOSL, CZZ, and CQB and these free reports are accessible by registering at
Smithfield Foods’ shares edged higher in Wednesday’s trading session, tracking gains in the broad market. The stock rose to an intraday high of $26.04 before finishing the day 0.47% higher at $25.89 on volume of 1.68 million. The company’s shares have gained more than 1% this week. Year-to-date, the stock is up more than 20% as compared to a gain of nearly 14.50% for the S&P 500. Shares of SFD, however, traded sideways in the last two months. The stock has been struggling to break through $26.50 resistance level. The stock is currently trading 5.27% below its 52-week high. Sign up for the free technical research on SFD at
www.StockCall.com/SFD050913.pdf
Fossil Inc. rose sharply in trading on Wednesday. The stock ended the day 1.50% higher at $109.50 volume of 872,900, taking its gains for the week to over 11.40%. Fossil’s shares have been gaining momentum after the company reported its first quarter financial results this week. The gains this week have helped the stock outperform the broad market for 2013. Year-to-date, shares of FOSL are now up more than 17.60%. The stock is now trading nearly 5% below its 52-week high. The company’s shares have crossed their 50-day moving average as a result of the rally this week. Be sure to read our latest technical research on FOSL by registering at
www.StockCall.com/FOSL050913.pdf
Cosan Limited’s shares slipped in trading yesterday, yet losses were limited. The stock closed 0.19% lower at $20.66 on volume of 770,400. Despite struggling this week, Cosan’s shares have had an excellent run so far in 2013, gaining more than 19.30%. The stock, however, has been facing stiff resistance at around $21. Shares of CZZ are trading well above their 50-day and 200-day moving averages which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. Sign up and read the complimentary report on CZZ at
www.StockCall.com/CZZ050913.pdf
Chiquita Brands International Inc.’s shares edged lower in trading on Wednesday, extending their losses for the week. The stock ended the day 0.83% lower at $8.39 on volume of 330,400, taking its losses in the last three trading sessions to nearly 2.80%. Shares are still trading above their 50-day and 200-day moving averages. However, the stock’s MACD has just crossed below the signal line which suggests that market sentiment has turned bearish on the stock. Shares of CQB currently have support at around $8.25. Year-to-date, the stock has gained 1.70%, underperforming the broad market. The free report on CQB can be downloaded by signing up now at
www.StockCall.com/CQB050913.pdf
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