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Recent 52-Week High Exceeded in Shares of Scotts Miracle (SMG)

By Shiri Gupta

Shares of Scotts Miracle (NYSE:SMG) traded at a new 52-week high today of $102.00. This new high was reached on below average trading volume as 55,000 shares traded hands, while the average 30-day volume is approximately 425,000 shares.

The Scotts Miracle-Gro Company markets branded consumer lawn and garden products, as well as a full range of products for professional horticulture. The Company manufactures and markets fertilizers, pest controls, plant foods, gardening soils, grass seed, and other products in North America and Europe. Scotts Miracle-Gro also provides lawn service in the United States.

In the past 52 weeks, shares of Scotts Miracle have traded between a low of $57.96 and a high of $102.00 and are now at $101.66, which is 75% above that low price. The 200-day and 50-day moving averages have moved 0.42% higher and 0.73% higher over the past week, respectively.

Based on a current price of $101.66, Scotts Miracle is currently 10.5% above its average consensus analyst price target of $91.00. The stock should discover initial support at its 50-day moving average (MA) of $93.94 and subsequent support at its 200-day MA of $79.58.

SmarTrend recommended that subscribers consider buying shares of Scotts Miracle on April 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $82.45. Since that recommendation, shares of Scotts Miracle have risen 23.1%. We continue to monitor SMG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows scotts miracle

Ticker(s): SMG