Chiquita Brands Looking at the Abyss

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Chiquita Brands Looking at the Abyss

Published on Tuesday, 29 November 2011 12:34 Written by TradersHuddle Staff

cqb New York, November 29th (TradersHuddle.com) - Shares of Chiquita Brands International, Inc. (NYSE:CQB) booked a new 52 week low by trading below $7.78, traders are definitely monitoring Chiquita Brands' price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

Chiquita Brands International, Inc. (NYSE:CQB) markets, produces, and distributes fresh bananas and other fresh produce. The Company also distributes and markets fresh-cut fruit and other branded fruit products.

Chiquita Brands is currently trading -1.91% versus its previous trading session close, and it has calculated support and resistance at $8.20 and $9.73 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading higher by 0.73% from its previous trading close, which means that Chiquita Brands stock is underperforming the overall market.

Chiquita Brands International Stock Gaps Down On Today's Open (CQB) - TheStreet.com
Chiquita Brands Down 32% on Disappointing Q1 Earnings - Benzinga
UPDATE: Jefferies Downgrades Chiquita Brands; Lowers PT - Benzinga
Auriga Reiterates Buy, $12 PT on Chiquita Brands - Benzinga
Chiquita Brands International Stock Hits New 52-Week Low (CQB) - TheStreet.com
Chiquita Brands International Stock Hits New 52-Week Low (CQB) - TheStreet.com
Chiquita Brands International Stock Hits New 52-Week Low (CQB) - TheStreet.com

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