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Flowers Foods Set to Possibly Rebound After Yesterday's Selloff of 8.79%

By James Quinn

Flowers Foods (NYSE:FLO) traded in a range yesterday that spanned from a low of $19.43 to a high of $21.34. Yesterday, the shares fell 8.8%, which took the trading range below the 3-day low of $21.52 on volume of 3.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Flowers Foods has traded in a range of $14.35 to $22.82 and is now at $19.64, 37% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Flowers Foods on February 9th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.25. Since that recommendation, shares of Flowers Foods have risen 6.8%. We continue to monitor FLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders Flowers Foods

Ticker(s): FLO