Why There May Be Trouble Ahead For Albertsons

Shares of food retailer Albertsons Corporation ACI may be about to plunge.

The stock has failed at the $20.50 resistance level. It also failed at this level at the end of January and led to a meltdown. On Feb. 5, shares closed at $16.48.

Today’s move lower in the stock could mean a new downtrend has started.

aci.png

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Short IdeasTechnicalsTrading Ideas
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!