Keeping an Eye on ConAgra Foods Inc.

30 Sep

Have you ever met anyone who doesn’t go grocery shopping or eat at a restaurant in some point in their lives?  Everyone on this planet relies on food to survive.  Food makes the world go round, just like money.

I’ve been pretty successful investing in food/restaurant sector.  Top picks over 100% gain:  Boston Pizza ($19.60/month) and Starbucks (Sold)

For the past month, ConAgra Foods Inc. has been relatively flat.  On September 20th, there was a sharp increase to their share price, jumping $2.00 to $27.59/share.  Their dividend yield is at 3.62% in which they’ve been consistently paying out for the past 25 years.

Is this their breakout point?  Or is this their resistant point?  Right now, I got a couple of grand ready to buy 100 shares.  Time to fully deploy all my cash!

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