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Supervalu Inc: The Winning Streak Continues (SVU)

By David Diaz

Supervalu Inc (NYSE:SVU) traded at a new 52-week high today of $32.49. So far today approximately 2.6 million shares have been exchanged, as compared to an average 30-day volume of 882,000 shares.

Over the past year, Supervalu Inc has traded in a range of $13.60 to $32.49 and is now at $32.47, 139% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 1.0%.

SUPERVALU, Inc. operates a chain of supermarkets and pharmacies primarily in the United States. The Company also provides supply chain services, which includes wholesale distribution and related logistics support services.

Based on a current price of $32.47, Supervalu Inc is currently 37.8% above its average consensus analyst price target of $20.19. Supervalu Inc shares have support at the 50-day moving average (MA) of $32.19 and additional support at the 200-day MA of $21.46.

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

Keywords: 52 week high/lows supervalu inc

Ticker(s): SVU