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Recent 52-Week Low Surpassed in Shares of Cal-Maine Foods (CALM)

By Shiri Gupta

Shares of Cal-Maine Foods (NASDAQ:CALM) traded today at $40.01, breaking its 52-week low. So far today approximately 60,000 shares have been exchanged, as compared to an average 30-day volume of 260,000 shares.

In the past 52 weeks, Cal-Maine Foods share prices have been bracketed by a current low of $40.01 and a high of $52.30 and are now at $40.01. The 200-day and 50-day moving averages have moved 0.1% lower and 0.34% lower over the past week, respectively.

Potential upside of 22.5% exists for Cal-Maine Foods, based on a current level of $40.01 and analysts' average consensus price target of $49.00. The stock should run into initial resistance at its 50-day moving average (MA) of $42.64 and subsequent resistance at its 200-day MA of $45.24.

Cal-Maine Foods, Inc. offers poultry products. The Company produces, cleans, grades, packs, and sells fresh shell eggs. Cal-Maine Foods serves customers in the United States.

SmarTrend is tracking the current trend status for Cal-Maine Foods and will alert subscribers who have CALM in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows cal-maine foods

Ticker(s): CALM