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Watch for Shares of Archer-Daniels (ADM) to Approach Resistance at $45.72

By James Quinn

Archer-Daniels (NYSE:ADM) has opened bullishly above the pivot of $45.18 today and has reached the first level of resistance at $45.46. Analysts will be watching for a cross of the next upside pivot targets of $45.72 and $46.26.

Potential upside of 0.0% exists for Archer-Daniels, based on a current level of $0.00 and analysts' average consensus price target of $42.73. Archer-Daniels shares should first meet resistance at the 50-day moving average (MA) of $37.21 and find additional resistance at the 200-day MA of $39.43.

In the past 52 weeks, Archer-Daniels share prices have been bracketed by a current low of $0.00 and a high of $47.88 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Archer-Daniels on December 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.61. Since that recommendation, shares of Archer-Daniels have risen 8.6%. We continue to monitor ADM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts archer-daniels

Ticker(s): ADM