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Look for Shares of Sysco Corp to Potentially Pullback after Yesterday's 12.18% Rise

By Shiri Gupta

Sysco Corp (NYSE:SYY) traded in a range yesterday that spanned from a low of $47.00 to a high of $51.16. Yesterday, the shares gained 12.2%, which took the trading range above the 3-day high of $45.68 on volume of 4.5 million 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 Sysco Corp have traded between a low of $26.00 and a high of $85.98 and are now at $50.68, which is 95% above that low price. The 200-day and 50-day moving averages have moved 0.64% lower and 3.83% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Sysco Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sysco Corp in search of a potential trend change.

Keywords: rebounders sysco corp

Ticker(s): SYY