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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 $105.61, breaking its 52-week high. This new high was reached on approximately average trading volume as 293,000 shares traded hands, while the average 30-day volume is approximately 336,000 shares.

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.

In the past 52 weeks, International Flavors & Fragrances share prices have been bracketed by a low of $73.02 and a high of $105.61 and are now at $104.67, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

International Flavors & Fragrances (NYSE:IFF) is currently priced 0.2% above its average consensus analyst price target of $104.50. The stock should find initial support at its 50-day moving average (MA) of $97.99 and further support at its 200-day MA of $89.68.

SmarTrend recommended that subscribers consider buying shares of International Flavors & Fragrances on April 22nd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $95.74. Since that recommendation, shares of International Flavors & Fragrances have risen 7.3%. 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