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Jm Smucker Co Set to Possibly Pullback After Yesterday's Rally of 1.07%

By James Quinn

Jm Smucker Co (NYSE:SJM) traded in a range yesterday that spanned from a low of $117.02 to a high of $118.26. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $117.11 on volume of 467,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Jm Smucker Co have traded between a low of $114.31 and a high of $157.31 and are now at $117.99, which is 3% 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.

SmarTrend recommended that its subscribers protect gains by selling shares of Jm Smucker Co on June 20th, 2017 by issuing a Downtrend alert when the shares were trading at $123.23. Since that call, shares of Jm Smucker Co have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders jm smucker co

Ticker(s): SJM