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SmarTrend Watching for Potential Pullback in Shares of TreeHouse Foods After 2.84% Gain

By Amy Schwartz

TreeHouse Foods (NYSE:THS) traded in a range yesterday that spanned from a low of $80.45 to a high of $84.28. Yesterday, the shares gained 2.8%, which took the trading range above the 3-day high of $81.11 on volume of 854,000 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 TreeHouse Foods and will alert subscribers who have THS in their portfolio or watchlist when shares have changed trend direction.

Over the past year, TreeHouse Foods has traded in a range of $62.64 to $104.53 and is now at $83.30, 33% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

Keywords: rebounders treehouse foods

Ticker(s): THS