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Trading Idea - Chiquita Brands Breaking Out?
Published on Friday, 20 January 2012 06:04 Written by Danny Miller
New York, January 20th (TradersHuddle.com) - Shares of Chiquita Brands International, Inc. (NYSE:CQB) closed the trading session at $8.88 just above calculated resistance at $8.74 effectively breaking out, grabbing the attention of momentum traders, which could eventually push the stock to different trading range
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' stock was trading in a well defined range with support at $8.24 and resistance at $8.74, given that this range was broken traders will be closely monitoring the stock
Related Partner Headlines
- 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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