I ran some scans this morning looking for some new breakouts to 1-year highs. With the market pushing up for the last month, these food companies are starting to accelerate.
First, Archer Daniels Midland is breaking out to new three year highs.
Pinnacle Foods is breaking out above prior year highs.
Nomad Foods (NOMD) has a nice chart that looks like it is starting to reaccelerate.
If you are looking to diversify into the unloved Consumer Staples sector, these names have nice setups.
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Greg Schnell, CMT, MFTA
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