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Tale of the Tape

Zacks Equity Research

Is Delhaize Group (DEG) Ready to Breakout?
March 04, 2014

Trades from $3
Are you a technical investor? If so, it may be time to consider Delhaize Group for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for DEG.

This trend may have already begun, as shares of DEG have moved by higher by 10.0% in just the past month. Plus, DEG has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Delhaize Group has plenty of life left.