Recent 52-Week High Exceeded in Shares of Cott (COT)
Shares of Cott (NYSE:COT) traded today at $10.68, breaking its 52-week high. So far today approximately 70,000 shares have been exchanged, as compared to an average 30-day volume of 549,000 shares.
Cott share prices have moved between a 52-week high of $10.68 and a 52-week low of $5.95 and are now trading 79% above that low price at $10.65 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.5%.
Potential upside of 3.5% exists for Cott, based on a current level of $10.65 and analysts' average consensus price target of $11.02. The stock should discover initial support at its 50-day moving average (MA) of $9.88 and subsequent support at its 200-day MA of $8.29.
Cott Corporation produces and distributes a variety of premium beverages. The Company's beverages include soft drinks, new age beverages, iced teas, juice drinks, sports drinks, and bottled water. Cott operates manufacturing facilities in Canada, the United States, the United Kingdom. The Company markets its beverages to retailers worldwide.
SmarTrend recommended that subscribers consider buying shares of Cott on May 20th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.72. Since that recommendation, shares of Cott have risen 9.2%. We continue to monitor COT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows cott