Recent 52-Week High Exceeded in Shares of Flowers Foods (FLO)
Flowers Foods (NYSE:FLO) traded today at a new 52-week high of $26.57. So far today approximately 322,000 shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.
Flowers Foods, Inc. produces and markets packaged bakery foods for retail and foodservice customers. The Company offers fresh packaged and frozen bakery products as well as pastries, doughnuts and bakery snack products.
Flowers Foods (NYSE:FLO) defies analysts with a current price ($26.57) 15.9% above its average consensus price target of $22.33. Flowers Foods shares have support at the 50-day moving average (MA) of $24.45 and additional support at the 200-day MA of $22.32.
Flowers Foods share prices have moved between a 52-week high of $26.57 and a 52-week low of $18.10 and are now trading 47% above that low price at $26.57 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.5%.
SmarTrend recommended that subscribers consider buying shares of Flowers Foods on August 5th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.07. Since that recommendation, shares of Flowers Foods have risen 18.2%. We continue to monitor FLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows Flowers Foods