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Shares of Central Garden and Pet Rise Above Previous 52-Week High

By James Quinn

Central Garden and Pet (NASDAQ:CENT) traded today at a new 52-week high of $22.12. Approximately 61,000 shares have changed hands today, as compared to an average 30-day volume of 96,000 shares.

In the past 52 weeks, shares of Central Garden and Pet have traded between a low of $8.47 and a high of $22.12 and are now at $21.94, which is 159% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.7%.

Central Garden and Pet (NASDAQ:CENT) is currently priced 54.4% above its average consensus analyst price target of $10.00. Central Garden and Pet shares have support at the 50-day moving average (MA) of $15.52 and additional support at the 200-day MA of $14.34.

Central Garden & Pet Company supplies consumer lawn and garden and pet supply products. The Company's products are sold under brand names such as Pennington Seed, Zodiac, Four Paws, Island, and Grant's. Central also offers value-added services, including inventory management, advertising and promotional programs, in-store service, and sales program development.

SmarTrend recommended that subscribers consider buying shares of Central Garden and Pet on February 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.82. Since that recommendation, shares of Central Garden and Pet have risen 48.2%. We continue to monitor CENT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows central garden and pet

Ticker(s): CENT