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Jm Smucker Co Falls 1.22% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Jm Smucker Co (NYSE:SJM) traded in a range yesterday that spanned from a low of $118.51 to a high of $121.57. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $122.13 on volume of 472,000 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 Jm Smucker Co and will alert subscribers who have SJM in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of Jm Smucker Co have traded between a low of $99.57 and a high of $157.31 and are now at $121.26, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

Keywords: rebounders jm smucker co

Ticker(s): SJM