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Shares of Avery Dennison Rise to a New 52-Week High

By Amy Schwartz

Shares of Avery Dennison (NYSE:AVY) traded today at $77.50, breaking its 52-week high. This new high was reached on below average trading volume as 211,000 shares traded hands, while the average 30-day volume is approximately 794,000 shares.

Over the past year, Avery Dennison has traded in a range of $53.56 to $77.50 and is now at $77.43, 45% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.1%.

Avery Dennison Corporation develops, manufactures, and markets pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products. The Company also manufacture a variety of office products and other converted products, as well as binders, organizing systems, markers, fasteners, and business forms, and other products.

Avery Dennison (NYSE:AVY) defies analysts with a current price ($77.43) 9.1% above its average consensus price target of $70.40. The stock should find initial support at its 50-day moving average (MA) of $71.14 and further support at its 200-day MA of $64.03.

SmarTrend is tracking the current trend status for Avery Dennison and will alert subscribers who have AVY in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows avery dennison

Ticker(s): AVY