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Sysco Corp: The Winning Streak Continues (SYY)

By Nick Russo

Shares of Sysco Corp (NYSE:SYY) traded today at $78.25, breaking its 52-week high. Approximately 318,000 shares have changed hands today, as compared to an average 30-day volume of 3.2 million shares.

Over the past year, Sysco Corp has traded in a range of $59.44 to $78.25 and is now at $78.25, 32% above that low. The 200-day and 50-day moving averages have moved 0.25% higher and 0.44% higher over the past week, respectively.

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.

Based on a current price of $78.25, Sysco Corp is currently 16.3% above its average consensus analyst price target of $65.50. Sysco Corp shares have support at the 50-day moving average (MA) of $71.77 and additional support at the 200-day MA of $68.53.

SmarTrend recommended that subscribers consider buying shares of Sysco Corp on August 13th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.39. Since that recommendation, shares of Sysco Corp have risen 6.5%. We continue to monitor SYY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sysco corp

Ticker(s): SYY