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Next Resistance Level for Dean Foods (DF) is $18.63

Published on Tue, 04/16/2013 - 12:41
By Robert Cotter

Shares of Dean Foods (NYSE:DF) have bullishly opened above the pivot of $18.24 today and have reached the first resistance level of $18.39. Should the shares continue to rise, the resistance pivots of $18.63 and $19.02 will be of interest.

Over the past year, Dean Foods has traded in a range of $11.46 to $19.17 and is now at $18.51, 62% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 0.05% higher over the past week, respectively.

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.

Potential upside of 11.4% exists for Dean Foods, based on a current level of $18.51 and analysts' average consensus price target of $20.62. The stock should find initial support at its 50-day moving average (MA) of $17.65 and further support at its 200-day MA of $16.58.

By Robert Cotter
rcotter@fnno.com

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