• Return to Headlines

Avery Dennison: The Winning Streak Continues (AVY)

By Amy Schwartz

Avery Dennison (NYSE:AVY) traded at a new 52-week high today of $96.70. Approximately 230,000 shares have changed hands today, as compared to an average 30-day volume of 794,000 shares.

Avery Dennison (NYSE:AVY) is currently priced 1.9% above its average consensus analyst price target of $90.67. The stock should find initial support at its 50-day moving average (MA) of $71.14 and further support at its 200-day MA of $64.03.

Avery Dennison Corporation produces pressure-sensitive materials and a variety of tickets, tags, labels, and other converted products. The Company's pressure sensitive products are used in labeling, decorating, and specialty applications. Avery Dennison's non-pressure sensitive products include tickets, tags, RFID inlays, and services for retailers, apparel manufacturers, and brand owners.

In the past 52 weeks, Avery Dennison share prices have been bracketed by a low of $68.55 and a high of $96.70 and are now at $92.41, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Avery Dennison on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.56. Since that recommendation, shares of Avery Dennison have risen 27.7%. We continue to monitor AVY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows avery dennison

Ticker(s): AVY