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Recent 52-Week Low Surpassed in Shares of Campbell Soup Co (CPB)

By Amy Schwartz

Campbell Soup Co (NYSE:CPB) traded today at a new 52-week low of $34.62. So far today approximately 11.4 million shares have been exchanged, as compared to an average 30-day volume of 1.7 million shares.

There is potential upside of 31.0% for shares of Campbell Soup Co based on a current price of $34.95 and an average consensus analyst price target of $45.77. The stock should run into initial resistance at its 200-day moving average (MA) of $54.52 and subsequent resistance at its 50-day MA of $62.85.

Over the past year, Campbell Soup Cohas traded in a range of $34.62 to $67.89 and are now at $34.95. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.2%.

Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products. The Company's core divisions include soups and sauces, biscuits and confectionery, and foodservice. Campbell's distributes its products worldwide.

SmarTrend recommended that its subscribers protect gains by selling shares of Campbell Soup Co on January 10th, 2018 by issuing a Downtrend alert when the shares were trading at $46.28. Since that call, shares of Campbell Soup Co have fallen 15.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows campbell soup co

Ticker(s): CPB