• Return to Headlines

Sysco Corp Set to Possibly Rebound After Yesterday's Selloff of 1.37%

By Shiri Gupta

Sysco Corp (NYSE:SYY) traded in a range yesterday that spanned from a low of $68.53 to a high of $69.56. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $69.29 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sysco Corp share prices have been bracketed by a low of $50.05 and a high of $71.97 and are now at $69.07, 38% above that low price. The 200-day and 50-day moving averages have moved 0.48% higher and 0.54% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Sysco Corp on March 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.93. Since that recommendation, shares of Sysco Corp have risen 14.9%. We continue to monitor SYY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders sysco corp

Ticker(s): SYY