Pilgrim's Pride Corp (PPC)

[chmcnfunds]

Yes, looking good. Now over the 50 DMA and not much resistance until $6.51 the 200 MDA.

Part of an article from Seeking Alpha:
________________________________________________

Pilgrim's Pride (PPC) - The chicken manufacturer has had a great rebound after its last earnings report was released. The stock, which fell to the low $4 range, has come all the way back to above $5, and it would be an excellent buy on a market rebound day. The stock has shown great support on up days with strong volume coming in as the company has announced it is seeing nice projections and switching to cheaper wheat feed. It also has just rallied above $5, which is a key level that provides the ability for mutual funds and institutional traders to buy the stock. The company also recently received a nice upgrade. Things are definitely looking up for the stock, and it seems to have room to grow to $5.50 without much trouble. Pick up on a dip closer to $5 or at the beginning of a strong up day.

Click to enlarge

That's what we are seeing right now.

Disclosure: I am short UNH.
________________________________________________________________
http://seekingalpha.com/article/276417-watchlist-ideas-for-any-market-direction

PPC