ConAgra Foods, an American food-processing company, presents attractive outlook and is still in upward trend.

From a fundamental viewpoint, sales have increased by 17.7% on the current year, with a net margin of 3.53%. Significant leverage ratio is explained by a recent acquisition of Ralcorp Holding for more than USD 7.5 billion. This strategy should generate substantial synergies for the company.

Graphically, the security is up 20% since the 1st January. It seems able to continue this uptrend supported by moving averages and will soon test the USD 35.8 mid-term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term. Above USD 35.8, a buying signal will be given.

Therefore, investors could take a long position in ConAgra Foods on crossing of the USD 35.8 mid-term resistance. This threshold broken, the stock could reach new historical highs. We expect this first target at USD 38. A stop loss should be placed below 34.3 USD.