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International Flavors & Fragrances Bearish Moving Average Crossover Alert (IFF)

By Shiri Gupta

International Flavors & Fragrances (NYSE:IFF) shares have crossed bearishly below their 10-day moving average of $129.21 on a volume of 147K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, International Flavors & Fragrances share prices have been bracketed by a low of $97.24 and a high of $131.30 and are now at $128.61, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of International Flavors & Fragrances on April 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $120.23. Since that recommendation, shares of International Flavors & Fragrances have risen 8.0%. We continue to monitor IFF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses international flavors & fragrances

Ticker(s): IFF