Got Milk? Trading Dean Foods

dean foods

Dean Foods ($DF), the milk and soy product producer, has been moving higher since September. Over the last 4 weeks though it has accelerated higher and consolidated. Now it looks ready for more. The price chart below shows it at resistance at 17.25. The Measured Move higher would take it to 20.50 on a break over 17.25. But there is also a harmonic Shark pattern that has a potential Resistance Zone at 18.80 along the way. Perhaps a stopping point along the way in a 3 Drives pattern. Whatever, the name, seems like milk is going higher. So, you got milk?

df

 

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