Technical Briefing: Smithfield Foods, Cosan, Fossil, and Chiquita Brands

Thu Jul 18, 2013 8:00am EDT

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Technical Briefing: Smithfield Foods, Cosan, Fossil, and Chiquita Brands

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PR Newswire

LONDON, July 18, 2013 /PRNewswire/ --

The U.S. equity market moved higher on Wednesday, July 17, 2013, after market participants took a breather following positive news from Federal Reserve Chairman Ben Bernanke. The Fed's Chairman reiterated the central bank's stance on monetary policy while testifying to the Congress. Bernanke said that while the central bank's asset purchases depend on economic and financial developments, but they are by no means on a pre-set course. The S&P 500 finished 0.28% higher at 1,680.91. Shares in the consumer goods sector ended mostly higher, tracking gains in the broader market. The major movers in the sector included Smithfield Foods Inc. (NYSE: SFD), Cosan Limited (USA) (NYSE: CZZ), Fossil Group Inc. (NASDAQ: FOSL), and Chiquita Brands International Inc. (NYSE: CQB). All these companies are tracked by AAAResearchReports.com. Free technical research reports on SFD, CZZ, FOSL, and CQB can be accessed by signing up at:

http://www.aaaresearchreports.com/register/  

Shares in Smithfield Foods Inc. ended slightly higher on Wednesday, tracking gains in the broader market. The company's shares oscillated between $33.08 and $33.22 before finishing the day 0.06% higher at $33.13. A total of 1.88 million shares were traded which is below the daily average volume of 5.61 million. The company's shares have gained 31.10% in the last three months, thus outperforming the S&P 500 which has gained 8.31% in the same period. Moreover, the stock is currently trading near its 52-week high of $33.96. Download free report on SFD upon registration at:

http://www.AAAResearchReports.com/SFD071813.pdf

Cosan Limited's stock rose sharply on Wednesday as the broader market edged higher. The company's shares hit an intraday high of $16.44 before closing the day 1.55% higher at $16.33. A total of 685,435 shares were traded which is below the daily average volume of 1.08 million. The company's shares are down 3.26% in the last one month as compared to a gain of 2.55% in the S&P 500. CZZ technical report can be accessed for free by signing up at:

http://www.AAAResearchReports.com/CZZ071813.pdf

Shares in Fossil Group Inc. edged lower on Wednesday, finishing at $107.66, down 0.53% from its previous closing price. The company's shares fluctuated between $107.26 and $109.38. A total of 318,650 shares were traded which is less than its daily average volume of 697,251. In the last three months, the stock has gained 16.89%, thus outperforming the S&P 500 which has gained 8.31% in the same period. A free report on FOSL can be accessed by registering at:

http://www.AAAResearchReports.com/FOSL071813.pdf

Chiquita Brands International Inc.'s stock moved higher on Wednesday, reversing some of its losses for the week. The company's shares oscillated between $12.07 and $12.27 before ending the day 1.08% higher at $12.17. A total of 407,356 shares were traded which is below the daily average volume of 465,564. The company's shares have gained 11.14% in the last one month and 71.89% in the last three months, thus outperforming the S&P 500 during the respective periods. Furthermore, the stock is currently trading near its 52-week high of $12.88. Register with AAA Research Reports and download research on CQB for free at:

http://www.AAAResearchReports.com/CQB071813.pdf

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