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SmarTrend Watching for Potential Rebound in Shares of Sysco Corp After 1.00% Loss

By Nick Russo

Sysco Corp (NYSE:SYY) traded in a range yesterday that spanned from a low of $60.00 to a high of $60.73. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $60.42 on volume of 626,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Sysco Corp share prices have moved between a 52-week high of $64.27 and a 52-week low of $47.15 and are now trading 27% above that low price at $60.07 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.6%.

Keywords: rebounders sysco corp

Ticker(s): SYY