American Italian Pasta Company – Charting Zacks Elite Stocks
Source: http://www.zacks.com/commentary/10238/American+Italian+Pasta+Company+-+Charting+Zacks+Elite+StocksPosted on Friday, March 6th, 2009 | In Stocks to Watch
American Italian Pasta Company (AIPC) continues to head higher on more impressive earnings results. The company’s share price has been in rally mode for most of the last three months, bottoming out in late November just below $13. Since then this Zacks #1 rank stock has topped off above $33, where some resistance has developed. The longer-term trend that has been supporting prices for the last few months is still in play, take a look below.
Colgate Palmolive Co. (CL) shares are now approaching a 5-month level of support as the company’s earnings outlook remains optimistic. Shares of CL have been trading between $68 and $55 for most of the last 5 months, having recently dropped back to the bottom portion of the channel. Take a look at the chart below.
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American Italian Pasta Company;, Charting Zacks Elite Stocks American Italian Pasta Company;, Colgate-Palmolive Co., Stocks to Watch, USD, Zacks Market Commentaries
 About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys. |
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