• Return to Headlines

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

By Amy Schwartz

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. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

Keywords: rebounders sysco corp

Ticker(s): SYY