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Recent 52-Week High Exceeded in Shares of Flowers Foods (FLO)

By Shiri Gupta

Flowers Foods (NYSE:FLO) traded today at a new 52-week high of $23.42. So far today approximately 127,000 shares have been exchanged, as compared to an average 30-day volume of 882,000 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) is currently priced 3.2% above its average consensus analyst price target of $22.50. The stock should find initial support at its 50-day moving average (MA) of $21.18 and further support at its 200-day MA of $19.80.

Over the past year, Flowers Foods has traded in a range of $17.46 to $23.42 and is now at $23.25, 33% above that low. The 200-day and 50-day moving averages have moved 0.27% higher and 1.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Flowers Foods on January 21st, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.03. Since that recommendation, shares of Flowers Foods have risen 15.5%. 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

Ticker(s): FLO