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International Flavors & Fragrances: The Winning Streak Continues (IFF)

By Shiri Gupta

Shares of International Flavors & Fragrances (NYSE:IFF) traded today at $87.05, breaking its 52-week high. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 270,000 shares.

International Flavors & Fragrances (NYSE:IFF) has potential upside of 4.0% based on a current price of $86.09 and analysts' consensus price target of $89.50. International Flavors & Fragrances shares have support at the 50-day moving average (MA) of $81.83 and additional support at the 200-day MA of $78.47.

Over the past year, International Flavors & Fragrances has traded in a range of $60.78 to $87.05 and is now at $86.09, 42% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

International Flavors & Fragrances Inc. creates and manufactures flavor and fragrance products. The Company's fragrance products are sold to manufacturers of perfumes, cosmetics, soaps and detergents, and its flavor products to manufacturers of prepared foods, beverages, dairy foods, pharmaceuticals, and confectionery products.

SmarTrend recommended that subscribers consider buying shares of International Flavors & Fragrances on September 16th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.97. Since that recommendation, shares of International Flavors & Fragrances have risen 4.5%. We continue to monitor IFF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows international flavors & fragrances

Ticker(s): IFF