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Next Resistance Level for Jm Smucker Co (SJM) is $101.82

By James Quinn

Jm Smucker Co (NYSE:SJM) has opened bullishly above the pivot of $100.63 today and has reached the first level of resistance at $101.40. Investors may be interested in a cross of the next upside pivot targets of $101.82 and $103.01.

Jm Smucker Co share prices have moved between a 52-week high of $133.38 and a 52-week low of $91.32 and are now trading 11% above that low price at $101.41 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Jm Smucker Co has overhead space with shares priced $101.41, or 20.6% below the average consensus analyst price target of $127.71. Jm Smucker Co shares should encounter resistance at the 200-day moving average (MA) of $106.33 and support at the 50-day MA of $101.05.

SmarTrend recommended that subscribers consider buying shares of Jm Smucker Co on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $98.78. Since that recommendation, shares of Jm Smucker Co have risen 8.1%. We continue to monitor SJM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts jm smucker co

Ticker(s): SJM