Today we will analyze the stock Pilgrim’s Pride Corporation (PPC) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Pilgrim’s Pride Corporation (PPC)
1- Last bullish trend was from 5.29 $ (1/6/2012) to 5.96 $ (1/12/2012) a 0.67 $ move 2- The current bearish trend started from 5.96 $ at 1/12/2012 and is currently trading at 5.33 $.
3- PPC current support level is at 5.29 which is the 100.00 % fibonacci retracement of the last 0.67 $ move.
4- PPC current resistance level is at 5.55 which is the 61.80 % fibonacci retracement of the last 0.67 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Pilgrim’s Pride Corporation (PPC) Short term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 5.960 and 5.990, and is currently resisting at 5.910.
Pilgrim’s Pride Corporation (PPC) Mid term stock chart patterns for internet stock trading :

7- The Stock formed a 1.440 $ height triangle which was broken down at 5.500 in higher than usual volume, target of the pattern is 4.060.
Pilgrim’s Pride Corporation (PPC) Long term stock chart patterns for internet stock trading :

8- The Stock formed a 1.440 $ height triangle which was broken down at 5.500 in higher than usual volume, target of the pattern is 4.060.

Stock Trading Conclusion:
Pilgrim’s Pride Corporation (PPC) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 5.48, 5.55, 5.57, 5.57, 5.63, 5.64, 5.70, 5.72, 5.80, 5.91, 5.96,.
Stock Support levels : 5.29, 5.11, 4.88, 4.06,.