• Return to Headlines

Look for Shares of Flowers Foods to Potentially Pullback after Yesterday's 2.30% Rise

By James Quinn

Flowers Foods (NYSE:FLO) traded in a range yesterday that spanned from a low of $16.95 to a high of $18.08. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $17.94 on volume of 979,000 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, Flowers Foods share prices have been bracketed by a low of $14.35 and a high of $21.00 and are now at $17.91, 25% above that low price. 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 its subscribers protect gains by selling shares of Flowers Foods on May 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $18.71. Since that call, shares of Flowers Foods have fallen 7.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders Flowers Foods

Ticker(s): FLO