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Sonoco Products Crosses Above its 10-day MA (SON)

By Amy Schwartz

Today, shares of Sonoco Products (NYSE:SON) have crossed bullishly above their 10-day moving average of $51.26 on a volume of 121K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Sonoco Products have traded between a low of $34.68 and a high of $52.00 and are now at $51.60, which is 49% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Sonoco Products on February 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.03. Since that recommendation, shares of Sonoco Products have risen 24.2%. We continue to monitor SON for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sonoco products

Ticker(s): SON