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JM Smucker Crosses Above its 10-day MA (SJM)

By Amy Schwartz

JM Smucker (NYSE:SJM) crossed over its 10-day moving average of $139.61 on a volume of 138K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, JM Smucker share prices have been bracketed by a low of $104.30 and a high of $157.31 and are now at $139.80, 34% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 0.08% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of JM Smucker on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $133.89. Since that recommendation, shares of JM Smucker have risen 3.8%. We continue to monitor SJM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses jm smucker

Ticker(s): SJM