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Watch for Continued Gains in Shares of Campbell Soup Co (CPB)

By Shiri Gupta

Shares of Campbell Soup Co (NYSE:CPB) traded at a new 52-week high today of $48.23. So far today approximately 434,000 shares have been exchanged, as compared to an average 30-day volume of 2.2 million shares.

In the past 52 weeks, shares of Campbell Soup Co have traded between a low of $32.03 and a high of $48.23 and are now at $48.17, which is 50% above that low price. The 200-day and 50-day moving averages have moved 0.70% higher and 0.96% higher over the past week, respectively.

Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products. The Company's core divisions include soups and sauces, biscuits and confectionery, and foodservice. Campbell's distributes its products worldwide.

Campbell Soup Co (NYSE:CPB) is currently priced 5.0% above its average consensus analyst price target of $45.77. Campbell Soup Co shares have support at the 50-day moving average (MA) of $45.18 and additional support at the 200-day MA of $39.83.

SmarTrend recommended that subscribers consider buying shares of Campbell Soup Co on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.95. Since that recommendation, shares of Campbell Soup Co have risen 16.2%. We continue to monitor CPB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows campbell soup co

Ticker(s): CPB