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Recent 52-Week Low Surpassed in Shares of Farmer Bros Co (FARM)

By Nick Russo

Shares of Farmer Bros Co (NASDAQ:FARM) traded today at $10.27, breaking its 52-week low. Approximately 256,000 shares have changed hands today, as compared to an average 30-day volume of 91,000 shares.

Farmer Bros. Co. operates as a coffee foodservice company. The Company roasts, packages, and distributes coffee and allied products to restaurants, hotels, hospitals, convenience stores, and fast food outlets.

There is potential upside of 233.6% for shares of Farmer Bros Co based on a current price of $10.59 and an average consensus analyst price target of $35.33. Farmer Bros Co shares should first meet resistance at the 50-day moving average (MA) of $14.88 and find additional resistance at the 200-day MA of $20.13.

Over the past year, Farmer Bros Cohas traded in a range of $10.27 to $29.50 and are now at $10.59. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 2%.

SmarTrend is monitoring the recent change of momentum in Farmer Bros Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Farmer Bros Co in search of a potential trend change.

Keywords: 52 week high/lows farmer bros co

Ticker(s): FARM