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Central Garden and Pet Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Central Garden and Pet (NASDAQ:CENTA) traded at a new 52-week high today of $19.68. This new high was reached on below average trading volume as 63,000 shares traded hands, while the average 30-day volume is approximately 197,000 shares.

Central Garden and Pet (NASDAQ:CENTA) defies analysts with a current price ($19.68) 61.9% above its average consensus price target of $7.50. Central Garden and Pet shares have support at the 50-day moving average (MA) of $15.44 and additional support at the 200-day MA of $14.68.

Central Garden and Pet share prices have moved between a 52-week high of $19.68 and a 52-week low of $9.33 and are now trading 111% above that low price at $19.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has risen 0.8%.

Central Garden & Pet Company supplies consumer lawn and garden and pet supply products.

SmarTrend recommended that subscribers consider buying shares of Central Garden and Pet on February 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.52. Since that recommendation, shares of Central Garden and Pet have risen 37.7%. We continue to monitor CENTA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows central garden and pet

Ticker(s): CENTA