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Recent 52-Week High Exceeded in Shares of Campbell Soup (CPB)

By Amy Schwartz

Shares of Campbell Soup (NYSE:CPB) traded today at $65.48, breaking its 52-week high. Approximately 137,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products. The Company's core divisions include soups and sauces, biscuits and confectionery, and foodservice. Campbell's distributes its products worldwide.

Campbell Soup (NYSE:CPB) is currently priced 20.9% above its average consensus analyst price target of $51.58. The stock should discover initial support at its 50-day moving average (MA) of $62.85 and subsequent support at its 200-day MA of $54.52.

In the past 52 weeks, Campbell Soup share prices have been bracketed by a low of $44.92 and a high of $65.48 and are now at $65.20, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.5%.

SmarTrend is monitoring the recent change of momentum in Campbell Soup. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Campbell Soup in search of a potential trend change.

Keywords: 52 week high/lows Campbell Soup

Ticker(s): CPB