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After Yesterday's Decline of 2.78%, Sonoco Products Offers Investors Better Value

By James Quinn

Sonoco Products (NYSE:SON) traded in a range yesterday that spanned from a low of $60.38 to a high of $60.89. Yesterday, the shares fell 2.8%, which took the trading range below the 3-day low of $62.07 on volume of 461,000 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 Sonoco Products and will alert subscribers who have SON in their portfolio or watchlist when shares have changed trend direction.

Sonoco Products share prices have moved between a 52-week high of $62.96 and a 52-week low of $49.71 and are now trading 22% above that low price at $60.83 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders sonoco products

Ticker(s): SON