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Bemis Co: The Losing Streak Continues (BMS)

By James Quinn

Bemis Co (NYSE:BMS) traded today at a new 52-week low of $41.20. So far today approximately 72,000 shares have been exchanged, as compared to an average 30-day volume of 771,000 shares.

Bemis Co share prices have moved between a 52-week high of $53.32 and the current low of $41.20 and are currently at $41.50 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Bemis Company, Inc. manufactures flexible and rigid plastic packaging products. The Company's products are used in a variety of applications including food, medical, agribusiness, pharmaceutical, and personal care. Bemis markets its products to customers throughout the United States, Canada, and Europe, as well as Mexico, Latin America, and the Asia Pacific region.

Potential upside of 10.9% exists for Bemis Co, based on a current level of $41.50 and analysts' average consensus price target of $46.04. The stock should run into initial resistance at its 200-day moving average (MA) of $46.21 and subsequent resistance at its 50-day MA of $51.41.

SmarTrend is monitoring the recent change of momentum in Bemis Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bemis Co in search of a potential trend change.

Keywords: 52 week high/lows bemis co

Ticker(s): BMS