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After Yesterday's Decline of 1.69%, Sanderson Farms Offers Investors Better Value

By David Diaz

Sanderson Farms (NASDAQ:SAFM) traded in a range yesterday that spanned from a low of $102.60 to a high of $106.69. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $104.63 on volume of 277,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

Sanderson Farms share prices have moved between a 52-week high of $176.43 and a 52-week low of $96.80 and are now trading 7% above that low price at $104.03 per share. The 200-day and 50-day moving averages have moved 0.86% lower and 0.57% lower over the past week, respectively.

Keywords: rebounders Sanderson Farms

Ticker(s): SAFM