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| April 21, 2008 |
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Sanderson Farms (SAFM) - A daily double - scores FusionIQ Short Squeeze and new Timing Buy Signal |
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Sanderson Farms Inc. (SAFM) as well as other chicken producers rallied Monday after Pilgrim's Pride Corp. (PPC) said it would cut production because of rising feed costs. The production cuts announced by Pilgrim's Pride Corp. (PPC), the nation's largest chicken processor, are expected to be about 5 percent in the second half of the year. The move was supported by analysts, who think cutbacks will help control costs and drive up demand.
With a FusionIQ Master Technical score of 90 and close to 26.00 % of its float short in addition to a new FusionIQ timing BUY signal SAFM looks to have the wind at its back. This positive liquidity squeeze offers plenty of upside return potential and projects an upside price target of $ 56.00 based on objective point and figure counts.
To examine other stocks in the news to gauge their investment worth subscribe to FusionIQ today at https://www.fusioniqrank.com/signup.php
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