International Flavors & Fragrances: The Winning Streak Continues (IFF)
International Flavors & Fragrances (NYSE:IFF) traded today at a new 52-week high of $69.57. Approximately 96,000 shares have changed hands today, as compared to an average 30-day volume of 355,000 shares.
Potential upside of 3.1% exists for International Flavors & Fragrances, based on a current level of $69.34 and analysts' average consensus price target of $71.50. The stock should find initial support at its 50-day moving average (MA) of $65.41 and further support at its 200-day MA of $60.19.
In the past 52 weeks, shares of International Flavors & Fragrances have traded between a low of $53.03 and a high of $69.57 and are now at $69.34, which is 31% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.
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 August 8th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.14. Since that recommendation, shares of International Flavors & Fragrances have risen 14.8%. 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