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SmarTrend Watching for Potential Pullback in Shares of Sysco Corp After 1.20% Gain

By James Quinn

Sysco Corp (NYSE:SYY) traded in a range yesterday that spanned from a low of $77.60 to a high of $78.23. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $77.75 on volume of 496,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Sysco Corp and will alert subscribers who have SYY in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Sysco Corp share prices have been bracketed by a low of $65.24 and a high of $85.98 and are now at $78.47, 20% above that low price. The 200-day and 50-day moving averages have moved 0.15% higher and 0.28% lower over the past week, respectively.

Keywords: rebounders sysco corp

Ticker(s): SYY