Pilgrim's Pride Corp (NASDAQ: PPC) momentum breakout alert!

TRADING IDEA

Pilgrim's Pride Corp is engaged in the production, processing, marketing and distribution of fresh, frozen, and value-added chicken products to retailers, distributors and foodservice operators. The company is headquartered in Greeley, Colorado and currently employs 59,000 full-time employees. Its geographic segments include the United States, United Kingdom, and Europe and Mexico. Read the full profile here.

STRATEGY

Momentum Breakout Setup (Short term)

1. strong increase during last trading session (+3.5%)
2. increased buying volume
3. closing price higher than $29.7 (latest resistance)
   

Last earnings: 2022-04-27

Next earnings: 2022-07-26

ACTUAL SETUP

• Buy Stop | $30.21
• Limit | $30.30
• Stoploss | $28.48
• Target | Hold between 2 - 5 days or first target @ 33.67
  
  

STOCK SCREENING SETTINGS

Through this link you can check the other stocks that were also withheld with the same screen filter (05/03/2022- EOD).

ADDITIONAL INFO/TIPS

• Use our ChartMill Postion Sizing Tool to calculate the maximum number of shares you can buy, depending on your available capital!
• Why using Stop Limit Orders?

Disclaimer: These trading ideas are merely to demonstrate what ChartMill is capable of and shows some typical results of a breakout filter. It is in no way actual financial advise to invest or trade in these stocks. The author has no pre-existing position in any of these stocks.