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

By David Diaz

Avery Dennison (NYSE:AVY) traded at a new 52-week high today of $89.07. Approximately 147,000 shares have changed hands today, as compared to an average 30-day volume of 794,000 shares.

Avery Dennison (NYSE:AVY) is currently priced 4.3% above its average consensus analyst price target of $85.00. 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.

Over the past year, Avery Dennison has traded in a range of $53.56 to $89.07 and is now at $88.84, 66% above that low. The 200-day and 50-day moving averages have moved 0.39% higher and 1.11% higher over the past week, respectively.

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.

SmarTrend recommended that subscribers consider buying shares of Avery Dennison on December 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.56. Since that recommendation, shares of Avery Dennison have risen 17.8%. We continue to monitor AVY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows avery dennison

Ticker(s): AVY