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Shares of Sysco Corp Has Risen Above Previous 52-Week High

By David Diaz

Shares of Sysco Corp (NYSE:SYY) traded today at $70.11, breaking its 52-week high. Approximately 142,000 shares have changed hands today, as compared to an average 30-day volume of 1.9 million shares.

Sysco Corp (NYSE:SYY) defies analysts with a current price ($70.11) 6.6% above its average consensus price target of $65.50. The stock should find initial support at its 50-day moving average (MA) of $65.89 and further support at its 200-day MA of $60.60.

Over the past year, Sysco Corp has traded in a range of $48.92 to $70.11 and is now at $70.11, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Sysco Corporation distributes food and related products primarily to the foodservice industry. The Company also distributes personal care guest amenities, housekeeping supplies, room accessories, and textiles to the lodging industry. Sysco serves customers in the United States.

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

Keywords: 52 week high/lows sysco corp

Ticker(s): SYY