Short term view - BONDUELLE : Prices are breaking below the moving average, it is a sign of weakness.
The previous low has been broken, the bearish trend is confirmed. The next target is at €30.66. The invalidation level is above €34.20.Arguments :
- The major support has been breached.
- Prices are breaking below the moving average, it is a sign of weakness.
Bonduelle is active in the market of processed vegetables both within and outside the European Union. Co.'s business is made up of three activities: canned, frozen and fresh vegetables (prepared and fresh-cut). It distributes its products mostly through retail channels (large supermarkets and stores) and food service sectors (restaurants, inter-company canteens). Some of Co.'s brands are Bonduelle, Cassegrain, Frudesa and Artic Gardens. Co. is organized into two geographic regions and four business segments: Bonduelle Europe Long Life (BELL), Bonduelle Fresh Europe (FRESH), Bonduelle Americas (BAM), and Bonduelle Development (BDV).
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