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Watch for Shares of Jm Smucker Co (SJM) to Approach Resistance at $117.58

By James Quinn

Shares of Jm Smucker Co (NYSE:SJM) have bullishly opened above the pivot of $116.69 today and have reached the first resistance level of $117.17. Analysts will be watching for a cross of the next upside pivot targets of $117.58 and $118.47.

Jm Smucker Co share prices have moved between a 52-week high of $157.31 and the current low of $0.00 and are currently at $0.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

There is potential upside of 0.0% for shares of Jm Smucker Co based on a current price of $0.00 and an average consensus analyst price target of $133.21. The stock should run into initial resistance at its 200-day moving average (MA) of $120.65 and subsequent resistance at its 50-day MA of $128.18.

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: pivot alerts jm smucker co

Ticker(s): SJM