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Shares of Calavo Growers Rise to a New 52-Week High

By Amy Schwartz

Shares of Calavo Growers (NASDAQ:CVGW) traded today at $74.70, breaking its 52-week high. This new high was reached on below average trading volume as 70,000 shares traded hands, while the average 30-day volume is approximately 156,000 shares.

Calavo Growers, Inc. procures and markets avocados and other perishable foods, and prepares and distributes processed avocado products. The Company delivers a wide array of fresh and processed food products to food distributors, produce wholesalers, supermarkets, and restaurants on a worldwide basis.

There is potential upside of 2.8% for shares of Calavo Growers based on a current price of $73.15 and an average consensus analyst price target of $75.17. Calavo Growers shares have support at the 50-day moving average (MA) of $55.25 and additional support at the 200-day MA of $52.17.

Calavo Growers share prices have moved between a 52-week high of $74.70 and a 52-week low of $43.08 and are now trading 70% above that low price at $73.15 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Calavo Growers on March 14th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.50. Since that recommendation, shares of Calavo Growers have risen 18.0%. We continue to monitor CVGW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows calavo growers

Ticker(s): CVGW