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Watch for Jm Smucker Co to Potentially Pullback After Gaining 1.07% Yesterday

By David Diaz

Jm Smucker Co (NYSE:SJM) traded in a range yesterday that spanned from a low of $117.02 to a high of $118.26. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $117.11 on volume of 467,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Jm Smucker Co share prices have been bracketed by a low of $114.31 and a high of $157.31 and are now at $117.99, 3% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 0.08% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Jm Smucker Co on June 20th, 2017 by issuing a Downtrend alert when the shares were trading at $123.23. Since that call, shares of Jm Smucker Co have fallen 5.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders jm smucker co

Ticker(s): SJM