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

By Nick Russo

Sonoco Products (NYSE:SON) crossed under its 10-day moving average of $51.54 on a volume of 364K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Sonoco Products share prices have moved between a 52-week high of $55.58 and a 52-week low of $45.67 and are now trading 9% above that low price at $49.88 per share. 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 is monitoring the recent change of momentum in Sonoco Products. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sonoco Products in search of a potential trend change.

Keywords: moving crosses sonoco products

Ticker(s): SON