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Smithfield Foods Pressuring Support

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May 28, 2009 |Comments: 0
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SFD

Smithfield Foods Inc. (SFD) fell nearly 2% this noon and was trading close to support at $12.37 on heavy volumes. The average forecast on the company’s 2010 earnings has dropped to 85 cents per share from 92 cents in the last month. Smithfield Foods is a Zacks# 5 Rank (“Strong Sell”) stock.

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