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Next Resistance Level for Dean Foods (DF) is $15.83

Published on Wed, 02/27/2013 - 10:39
By Adrienne Chilton

Shares of Dean Foods (NYSE:DF) opened today above their pivot of $15.39 and have already reached the first level of resistance at $15.63. Should the shares continue to rise, the resistance pivots of $15.83 and $16.27 will be of interest.

Dean Foods (NYSE:DF) has potential upside of 31.2% based on a current price of $15.49 and analysts' consensus price target of $20.32. The stock should run into initial resistance at its 200-day moving average (MA) of $16.18 and subsequent resistance at its 50-day MA of $17.34.

In the past 52 weeks, shares of Dean Foods have traded between a low of $11.45 and a high of $19.17 and are now at $15.49, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.3%.

Dean Foods Company is a food and beverage company that produces a full line of Company-branded and private label dairy and dairy-related products. The Company provides products such as milk and milk-based beverages, ice cream, half and half, whipping cream, sour cream, cottage cheese, yogurt, dips, and soy milk. Dean Foods also supplies pickles, juice, juice drinks, and water.

By Adrienne Chilton
achilton@fnno.com