Campbell Soup Company’s stock price (CPB) rose in the intraday levels, buoyed by positive signals from the RSI as the price tries to retest the resistance of $37.94, while recouping some recent losses, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA. 

 

Therefore we expect the price to return lower, provided it settles firmly below the resistance of $37.94, thus targeting the support of $33.90.

 

Trend forecast for today: Likely Bearish